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Tyco shares rebounding from fall
Bargain hunters bid Tyco up more than 7% after a brutal slide to '97 levels. Tyco was down 17% early, then rallied when the firm held a conference call this morning to allay concerns. Tyco's CFO was "bullish about our long-term outlook." He said the conglomerate has sufficient funding for several months. Analysts say Tyco must move quickly to spin off its lending unit CIT to help make a $3.25 bil debt payment.
Merrill settlement with N.Y. close
Merrill Lynch hopes a settlement with New York's attorney general over alleged conflicts of interest between the broker's research and …