Tyco International Ltd. plans to break into three publicly traded companies that may prove more attractive to potential suitors on their own than as pieces of a conglomerate. The separation, ending a decade in which CEO Ed Breen transformed the scandal-plagued conglomerate into a Standard & Poor's 500 index outperformer, will create stand-alone companies from ADT's North American residential security, flow-control and the world's biggest commercial security and fire-systems division.Homebuilders' index sinks further
The U.S. homebuilders' outlook worsened in September, as foreclosures and anxious buyers hurt construction and sales activity. The National Association of Home Builders said Monday that its index of builder sentiment in September fell to 14 from 15. The index has been below 20 for all but one month during the past two years. Any reading below 50 indicates negative sentiment about the housing market. It hasn't reached 50 since April 2006, the peak of the housing boom.Airbus lifts its long-range forecast
The European plane maker Airbus raised its long-range forecast for commercial aircraft demand Monday, citing expectations of increasing wealth in fast-growing Asia and the continued expansion of low-cost airlines in the United States and Europe. Airbus predicted that airlines would buy 27,800 new jets by 2030. That estimate was up 7 percent from a forecast of 26,000 planes, which was made last December before orders this year for new Airbus jets from Asian carriers. The company said the new orders would be worth $3.5 trillion.
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