NU Online News Service, Aug. 5, 2:51 p.m. EDT
Marsh & McLennan Companies reported a second-quarter net loss of $193 million after a $315 million charge related to the sale of one of its businesses.
The charge for goodwill was taken for the sale of Kroll Government Services, which was completed during the second quarter.
MMC reported a net loss of $193 million, or net loss per share of 37 cents compared to net income of $65 million, or 12 cents a share for the same period last year. Revenues were down 13 percent, or $404 million, to $2.63 billion.
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