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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| July 01, 2002 | COPYRIGHT 2002 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

Spitzer eyes investment bankers

New York Attorney General Eliot Spitzer's next probe will involve the activities of investment bankers who sold securities that later plunged, a published report said. He'll be focusing on bond trading activities. Spitzer recently forced Merrill Lynch to pay $100 mil over charges that its analysts hyped stocks to win banking work.

AEROSPACE/DEFENSE

Boeing working on "bat plane'

The plane has no fuselage or tail. Instead, it has a wing and a belly to hold passengers and freight. Boeing engineers outlined the concept 10 years ago and are near perfecting it. It features less pollution and noise, and requires less fuel. It also would be cheaper to build. But few passengers would have windows, and evacuation issues are being solved.

EADS is knee-deep in Deepwater

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