U.S. stocks slump as GE, Philip Morris weigh

Newswire

(Updates to midafternoon) By Chelsea Emery NEW YORK, Sept 27 (Reuters) - Stocks slid into negative territory in midafternoon on Friday on worries about sagging corporate profits after sour calls on General Electric Co. and after cigarette maker Philip Morris Cos. Inc. slashed its profit outlook. "There are disasters on a bunch of Dow stocks," said Josh Rothe, a trader for SKBA Capital Management, which oversees $300 million. "GE is not just an industrial company, it's also in finance. ...

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