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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