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Cronkite Undergoes Medical Procedure

NEW YORK – Former CBS newscaster Walter Cronkite (search) underwent a minor medical procedure on his right heel earlier this week and was reportedly doing well. Cronkite, 88, was given a preliminary skin graft Monday to repair a wound related to surgery on his Achilles tendon three or four years …

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274,000 Jobs Added in April, Above Forecasts

WASHINGTON – U.S. employers created a surprisingly large 274,000 new jobs in April and added more workers in each of the two prior months than first thought, the Labor Department (search) said Friday in a report that eased fears about economic growth. The April jobs total far outstripped Wall Street …

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Marsh & McLennan Profit Falls 70 Percent

NEW YORK – Marsh & McLennan Cos. (MMC) on Tuesday said first-quarter profit fell 70 percent after the world’s largest insurance broker was forced to forgo fees that sparked a bid-rigging probe. Net income for New York-based Marsh fell to $134 million, or 25 cents per share, from $446 million, …

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