Tyco CEO Kozlowski Resigns

Casino shares fall on gaming tax hike; El Paso exec commits suicide; plus more of today's stocks in the news

Tyco International (TYC ) CEO and chairman Dennis Kozlowski resigned. John Fort is to assume primary executive responsibilities until a replacement is named. Kozlowski is under criminal investigation over the avoidance of New York sales tax. He also resigned from his position on Raytheon's board, according to press reports. Salomon Smith Barney downgraded, while S&P keeps hold.

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