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November 09, 2004

Marsh to lay off 3,000 in wake of insurance probe

Embattled insurance brokerage Marsh & McLennan Companies Inc. said Tuesday that it will lay off 3,000 employees, or about 5 percent of its work force, as it struggles to deal with the fallout from a bid-rigging probe by New York Attorney General Eliot Spitzer. Read the full story

Posted by Tom Troceen