- Citigroup Takes $50 Million Loss in Lending Rate Probe
- Investment Banking Drags Down Barclays Profit
- The Secret Lives of Traders—Seeking the Next Hot Thing
- FBI Investigated Steve Jobs Drug Use
- Strip Greenspan of His Knighthood: SocGen Strategist
- China Imports Slump, Raising Demand Concerns
- Markets Finally Get Greek Deal —So Where's the Rally?
- Warren Buffett: Stocks Will Outperform Gold and Bonds
- Get All the Latest Out of Europe Here
- New York Fashion Week Hits the Runway as Colors Pop
- Mulling Buffett's Stock Advice? Get in With REITs: Fund Managers
- LinkedIn Earnings Bode Well for Hiring and Social Media
- Top Five Mistakes to Avoid in Online Dating
- Victor Cruz ‘Understands’ Gisele's Super Bowl Frustrations
- Tamminen: The United States of India
- Unusual Volume: Taleo Jumps After Oracle's $1.9 Billion Offer
- Warren Buffett: Stocks Will Outperform Gold and Bonds .. and They're Safer 'By Far'
- So Now You Can’t Give Microsoft Away?
MOST SHARED
- FTSE, DAX, CAC Seen Lower, Greek Deal Delayed
- India's December Industrial Output Growth Slows Sharply
- Bonus Bloodbath as European Banker Backlash Continues
- Greece Deal Fails to Convince, EU Demands More
- Strip Greenspan of His Knighthood: SocGen Strategist
- Zynga, Hasbro Partner to Make Toys, Games
- Jobs You Can Do Forever
- Citigroup Takes $50 Million Loss in Libor Probe
MOST POPULAR
HOT ON FACEBOOK
Marsh & McLennan Approached by Willis Group
Text Size 
Insurance broker Willis Group Holdings has approached Marsh & McLennan with a view to starting talks about a possible takeover of Marsh & McLennan, CNBC has learned.
Willis [WSH
Loading...
()
], the world's third-largest insurance broker, declined to comment. Marsh & McLennan was not immediately available for comment. Marsh & McLennan shares [MMC
Loading...
()
] were trading about 4 percent higher at $27.50.
In December, Marsh & McLennan said it would replace CEO Michael Cherkasky following a year of disappointing results and said it would evaluate strategies to boost shareholder value,
which is often considered code for a possible sale of assets.
Cherkasky had been under pressure since October 2004, when he took over in the middle of a bid-rigging scandal in which the company faced charges from then-New York Attorney General
Eliot Spitzer.
Marsh & McLennan also faces challenges from investors who might want the company broken up. Companies controlled by activist billionaire Nelson Peltz recently received approval
from the Federal Trade Commission to take a stake in Marsh & McLennan.
In August, Marsh & McLennan sold its Putnam asset management unit to Canada's Great-West Lifeco Inc for $3.9 billion, and a Toronto investment firm is trying to force Marsh & McLennan to spin off its Kroll security consulting unit and its Mercer human resources business.
Reuters contributed to this report
- Many have called to abolish the Federal Reserve. But what would happen if it was dissolved for good?
- Entrepreneurs have increasingly been buying back their companies over the last three years.
- Where are the best city locations for singles to take the online dating plunge?
- A Steelers fan spent a week with wide receiver Antonio Brown- and it was all due to tweeting.
- Here’s a look at the woman behind the newest collectible toy that kids love.
- Grab a brew—or not—and click ahead to experience the world’s most highly rated beers.
Data is a real-time snapshot *Data is delayed at least 15 minutes
