Analysts Mixed On MMC Future
Despite the reported loss of $676 million in the fourth quarterof 2004 at Marsh & McLennan Companies, investors seemed to takethe news in stride since it was accompanied by cost-cuttingannouncements, but analysts gave the companys recovery programmixed reviews.
Last week, the New York-based parent company of Marsh, theworld's largest insurance broker, laid out its plans to return toprofitability, announcing a new commission schedule and greatercorporate efficiency that will result in the layoff of anadditional 2,500 employees.
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