Posted AT 10:14 AM EDT on 07/05/08
Marsh & McLennan posts loss
NEW YORK — Marsh & McLennan lost $210-million (U.S.) in the first quarter as the insurance broker's corporate security business suffered a fundamental deterioration in value, the company said Wednesday.
Marsh & McLennan lost the equivalent of 40 cents per share in the January-March period. A year earlier, it earned $268-million, or 49 cents per share.
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