U.S. conglomerate Tyco International plans to split into three publicly traded companies, positioning itself for expected consolidation in its diverse businesses and potentially making it easier for its operations to be acquired.
U.S. companies are pouring their cash stockpiles into buying back their own shares, betting on a Wall Street rebound rather than investing in new operations or bumping up dividends.
Companies are pouring their cash stockpiles into buying back their own shares, betting on a Wall Street rebound rather than investing in new operations or bumping up dividends.
Stock index futures indicated a drop of more than 1 percent at the open on Tuesday as a slowdown in Asian manufacturing added to doubts about the pace of an economic recovery.