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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| May 01, 2002 | COPYRIGHT 2003 Investor's Business Daily, Inc. (Hide copyright information)Copyright

DIVERSIFIED

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.

FINANCE

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 …

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