A Jan. 24 column,
Overseas Issues Roil McDonald's incorrectly reported that in the fourth quarter, McDonald's earned $271.9 million, or 21 cents per share, before items. In fact, the profit of 21 cents per share includes items.
A Jan. 22 story,
Tyco Silences Shorts With Breakup Plan, incorrectly said Merrill Lynch analysts had accorded each of
four parts a higher-than-20 price-to-earnings ratio in coming up with a break-up value of $70-$80 per share. In fact, Merrill only said that 3 of Tyco's components could be valued at above 20 times earnings, the exception being Tyco Capital, which is valued at 12-14, the firm said. (
corrected Jan. 22