Tricky Times for Tyco

The company reported higher quarterly profit but noted slowing in key markets as it gets ready to split itself in three

Tyco International (TYC) announced stronger financial results on Feb. 6, even as the conglomerate continues to recover from the scandals that had made it a poster child for corporate misbehavior before CEO Ed Breen took the helm in 2002. But while the company updated investors on its new direction as it splits into three separate companies, it also warned of slowing business in the coming months.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.