Originally published Wednesday, November 5, 2008 at 4:55 AM
E-mail article
Print viewMarsh & McLennan swings to 3Q loss
Insurance broker Marsh & McLennan says it lost $8 million in the third quarter due in part to lower revenue in its risk consulting and technology business. Analysts had been expecting a profit.
Insurance broker Marsh & McLennan says it lost $8 million in the third quarter due in part to lower revenue in its risk consulting and technology business. Analysts had been expecting a profit.
New York-based Marsh & McLennan Cos. said Wednesday its loss amounted to 2 cents per share for the three months ended Sept. 30. That's a reversal from a profit of $1.95 billion, or $3.60 per share, a year ago when it had a big gain on the sale of Putnam Investments.
It says revenue edged up to $2.84 billion including a 2 percent decline from its risk consulting and technology business.
Marsh says its operating losses totaled 3 cents per share excluding one-time items. Thomson Reuters says analysts expected a profit of 32 cents per share.
Copyright © 2008 The Seattle Times Company
E-mail article
Print view
Digg
Newsvine
Q&A : He's tangled up in Windows partitions
Practical Mac: With new features, Apple's MobileMe is worth the price
UPDATE - 02:24 PM
Obama asks House to vote on health care bill
Mourners gather at KeyArena for slain officer's memorial
Mourners gathered at KeyArena for the memorial service of Seattle police Officer Timothy Brenton on November 6, 2009.
Procession for slain SPD officer
Election Night: Approve R-71
Election Night: Reject R-71
Election Night: Joe Mallahan
Election Night: Mike McGinn
Election Night: Susan Hutchison
Election Night: Dow Constatine
Candlelight vigil for Officer Brenton
Flying Elephant on Aurora
Follow seattletimes.com on Twitter
Get the top stories on-the-go by following seattletimes.com on Twitter. We'll tweet the news and information you need around the clock and keep you up-to-date no matter where you are. Go to www.twitter.com/seattletimes to sign up now.
nwjobs
Post a comment
Michelle Goodman blogs about work/life balance.
How to tell your office you're gravely ill
Post a comment
nwautos
Choosing a new sedan? Weigh the impact of your choice on your wallet and on the planet.
Post a comment
Open Houses | Find this weekend's open house listings.  Or search by location: |
- Suspect in officer's slaying shot by police
- Suspect shot as city mourns slain officer
- Flags were key link to cop slaying, bombings
- Mourners gather at KeyArena for slain officer's memorial
- Thunder and lightning again lighting up sky
- Datsun 210 sought in police shooting
- McGinn pulling away as late ballots come in
- Briefs | Soccer: New Mexico suspends hair-pulling player Elizabeth Lambert
- Voters expand same-sex rights
- Details emerge about Fort Hood suspect's history
- UCLA game thread
842 - Ref. 71 lead appears insurmountable 450
- Suspect shot as city mourns slain officer 389
- Police respond to shooting at Tukwila apartment 293
- Troubling portrait emerges of Fort Hood suspect 271
- Weapons, bomb-making materials found in suspect's apartment 204
- Unemployment nears 10 pct. as rebound remains slow 169
- McGinn widens lead over Mallahan in Seattle mayoral race 166
- Schools emerge as new tactic in gay marriage votes 86
- Referendum 71 show's Washington's strategy for marriage equality is working 60
- Recipe: Penne with Smoked Turkey Sausage
- Suspect shot as city mourns slain officer
- Suspect in officer's slaying shot by police
- Nancy Leson | An elegant offshoot of Seattle's Wild Ginger in Bellevue
- Flags were key link to cop slaying, bombings
- Voters expand same-sex rights
- Tim Lincecum charged with misdemeanor possession
- Shoreline man killed when struck by falling tree part
- Thunder and lightning again lighting up sky
- Green River Valley: Anxiety ebbs over flooding potential
