Marsh & McLennan Companies, Inc. (NYSE:MMC) announced that its Board of Directors has authorized the share repurchase of an additional $500 million. Combined with the $500 million share repurchase program announced on September 30, 2010, the Company's authorization now totals $1 billion. As disclosed in its second quarter results, the Company had repurchased $321 million, or 11.2 million shares of common stock as of June 30, 2011. The Company continues to repurchase stock in the current quarter.
Read more at: http://crwewallstreet.com/?p=21048