Marsh & McLennan Cos. emphatically stressed Tuesday that it is not putting up Putnam Investments, the company's mutual fund unit, and Mercer Inc., its consulting unit, for sale. Marsh, which reported a fourth-quarter loss of $676 million, is cutting its quarterly dividend in half and slashing up to 2,500 jobs to pay for settlements over allegations that its insurance brokerage unit rigged bids.

Michael Cherkasky, Marsh's CEO, ardently denied that Putnam and Mercer are for sale during the company's fourth-quarter earnings call, the Boston Business Journal reports. "It's not going to happen," he said.

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