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Fortune Brands sues Marsh over insurance
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Fortune Brands, the maker of Moen faucets and Jim Beam whiskey,
said in a lawsuit that Marsh & McLennnan Cos. inflated insurance
prices by rigging a competitive bidding process with fraudulent
quotes.
The lawsuit, filed last week in federal court in Chicago, contends
Marsh broke antitrust law by supervising "a scheme among competing
excess casualty insurers to engage in bid rigging." Fortune said it
overpaid by $1.3 million on insurance policies in 2003 and 2004 after
being victimized ...
Related newspaper, magazine, and journal articles from HighBeam Research
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Fortune Brands to sell off division
Chicago Sun-Times
; Fortune Brands, the newly arrived Lincolnshire-based conglomerate that makes Jim Beam bourbon and Titleist golf balls, wants to sell its ACCO World Corp. office equipment division, which analysts say is its least-profitable business. The company, which moved to the Chicago area last year from
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Fortune brands posts 'strong' year.(INDUSTRY UPDATE: Noteworthy developments impacting the kitchen and bath market)
Kitchen & Bath Design News
; Deerfield, IL -- Fortune Brands, the Deerfield, IL-based company with wide-ranging interests in the kitchen and bath industry, today reported strong results from continuing operations for the fourth quarter and full year 2005. The publicly traded Fortune Brands said that net sales were $7.06
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SBR, Fortune Brands Announce Merger Agreement
The State Journal
; Privately held SBR Inc. of Parkersburg has announced its merger with Fortune Brands Inc., a publicly traded Illinois company with more than $7 billion in annual sales. SBR, whose 4,633 employees manufacture and market an array of building products, has not disclosed the sale price, which it said
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Growth reported by Fortune Brands.(Industry Update: Noteworthy developments impacting the kitchen and bath market)
Kitchen & Bath Design News
; Deerfield, IL -- Fortune Brands, Inc., the publicly traded parent company of Moen and the Master-Brand Cabinet Group, has reported sharp growth in the second quarter of 2006. Fortune Brands, headquartered here, said that consumer demand across the company's brand portfolio--including Moen faucets
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 "Blade (Toledo, OH)")
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Fortune Brands Buys Maumee, Ohio-Based Door Manufacturer Therma-Tru.
Blade (Toledo, OH)
; ... do that is to get ourselves under a big tent. To see more of The Blade, or to subscribe to the newspaper, go to http://www.toledoblade.com (c) 2003, The Blade, Toledo, Ohio. Distributed by Knight Ridder/Tribune Business News. TICKER SYMBOL(S): FO
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