Goldman Sachs has dropped its rating of Tyco, the US conglomerate it advised on a failed demerger earlier this year.

Goldman, traditionally Tyco's closest advisory bank, has taken Tyco off its list of recommended stocks and withdrawn its stock rating.

Jeremy Adams in New York

Goldman Sachs

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The city’s exchange operator reported record profit and revenue as bullish market sentiment boosted trading.

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U.S. stock futures started Wednesday lower after a tech-led selloff caused by a report saying the majority of companies investing in generative AI have yet to see returns.

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Goldman drops Tyco stock rating

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