A Marsh & McLennan Cos. board member, David A. Olsen, died Saturday, the company said in a statement Wednesday. He was 71.

Insurance giant Marsh and McLennan, rocked by a bid-rigging scandal five years ago, will pay $435 million to settle two class action suits in the case.

Insurance broker Marsh & McLennan Cos. said Friday it will pay $435 million to settle two class-action lawsuits filed in the wake of allegations of bid rigging and price fixing.

Executive compensation - particularly bonuses - has been the source of much fury both on Capitol Hill and on Main Street. The Obama administration has also set it sights on these pay packages, most recently by cracking down on executive compensation at bailed-out firms. Given the attention being paid to multi-million dollar paydays, CNBC.com enlisted the help of Equilar, an executive compensation research firm, to find out which executives received the most massive bonus payouts of the decade.

Sponsors of defined benefit pension plans — the main retirement vehicle for millions of Americans — face "significant" pressure in the next year to keep the plans afloat, according to a study by one of the world's largest benefit consulting firms.

Stocks ended lower Wednesday, despite a late attempt at a recovery, as disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G, fueled concerns about the economic recovery.

Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.

Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.

Stock index futures pointed to a slight rise Wednesday, despite a drop in shares for Dow component Procter & Gamble and a sharp rise in planned layoffs for July.