Acquisition giant Tyco to split into four parts - papers 23 Jan

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The FT leads today with a report that Tyco International, one of the world's biggest conglomera...

The FT leads today with a report that Tyco International, one of the world's biggest conglomerates, is to break itself up, bringing to an end a frenzied decade of acquisitions around the world. The Bermuda-based giant is to be split into four separate companies after investors made clear their concerns about its highly complex and aggressive accounting techniques. The FT also writes that Stephen Byers, transport secretary, is to consider building three new runways in south-east England to cope with an expected boom in air travel. An early draft of a government aviation study sets out ...

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