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BUSINESS BRIEFS.(A)

Investor's Business Daily

| April 02, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

FINANCE

First Data may buy Concord EFS

The payment services firm is in talks to buy transaction processor Concord EFS for $7 bil in stock, sources said. First Data will likely offer $14.50-$15 a share sometime this week. First Data fell 6% to 34.68; Concord rose 26% to 11.87.

Morgan Stanley fund sales shady

The SEC and NASD are probing if the investment bank's brokers have inappropriately touted B-fund shares, which have higher annual fees, to their clients, published reports said. The NASD investigation focuses on a few brokers at a handful of Morgan Stanley branches. The SEC probe is broader.

MARKETS

RETAIL

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