ADR Shares End Higher; Philips Shares Lower
January 13 2015 - 7:04PM
Dow Jones News
International stocks trading in New York closed higher on
Tuesday. The BNY Mellon index of American depositary receipts edged
up 0.3% to 136.77. The European index increased 0.2% to 134.04, the
Asian index improved 0.5% to 141.05, the Latin American index rose
0.6% to 228.73, and the emerging-markets index increased 0.7% to
262.99. Among the companies with shares that actively traded was
Philips NV (PHG, PHIA.AE).
Philips warned shareholders that continuing problems at the U.S.
factory where it makes medical scanners have knocked fourth-quarter
profit lower than previously expected. Shares fell 1.9% to
$27.54.
UBS Group AG (UBS) has won hearty plaudits from investors for a
2012 restructuring in which the Swiss bank jettisoned large
portions of its investment bank, a move seen as a harbinger of what
lay ahead for other midtier investment banks. In a London court
case, though, UBS executives are in the strange position of arguing
that the impacts of that overhaul weren't as far-reaching as some
thought. Shares rose 1.3% to $16.59.
Write to Tess Stynes at tess.stynes@wsj.com
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