PHILIPS SLIPS ON EARNINGS.
The Netherlands' Philips Electronics NV slumped on October 22 with a drop in earnings, one of the biggest losers among American Depositary Receipts (ADRs) and foreign shares. Dealers said overall trade was light amid profit-taking after six consecutive days of gains by the Dow Jones industrial average. Investors also were cautious about re-entering markets following weeks of volatility. "What we're hearing is that a lot of the trading houses have taken their horns in," a trader said. "I...
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