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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| February 04, 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

BUSINESS SERVICES

TMP's accounting practices eyed

TMP Worldwide fell 4.36, or 10%, to 38.21 after Forbes said the ad and marketing firm "glosses" over one-time merger costs to boost results. Forbes said TMP, which owns Net jobs site Monster.com, spent $62 mil to buy 39 firms in the first nine months of '01, but that wasn't included in TMP's reported $200 mil cash flow.

MARKETS

Public bankruptcies soared in '01

Some 257 public U.S. firms, with $258.5 bil in assets, went bankrupt, the Federal Deposit Insurance Corp. said. That's up 46% from 2000's record 176 filings. They include Enron, the largest U.S. bankruptcy ever. Banks need to watch credit quality in their loan portfolios in '02, the FDIC said.

Deutsche Boerse gets acquisitive

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