Arthur J. Gallagher & Co. (AJG)

Arthur J. Gallagher today reported a third quarter profit of $41.6 million, or 41 cents a share, up from $37.8 million, or 40 cents a share, a year earlier. Revenue rose 2.6% to $439.5 million.
The insurance broker and risk-management firm also said it will reduce its work force by about 4%, or 400 positions, through a combination of cuts and attrition over the next few months.

Oct 27 · 7:33:00 PM · Source: Company News Release
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by Larry Etter