Marsh & McLennan Cos. Inc, the world's largest insurance broker by revenue, said on Wednesday that third-quarter earnings more than doubled, helped by cost cuts at its brokerage unit.
The earnings beat Wall Street estimates, boosting the company's shares by 2.4 percent, but some analysts questioned whether this quarter's turnaround was big enough to satisfy critics of Chief Executive Michael Cherkasky and ward off potential take-over predators.
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