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Adecco stock drops amid delayed filings

Zurich-based Adecco SA, the global staffing firm whose North American staffing operations are based in Melville, is delaying the release of its 2003 financial results, citing accounting problems.

In a brief statement, Adecco cited material weakness in internal controls in the company's

North American operations of Adecco staffing. The firm said it's looking into compliance issues in the United States and possibly other countries.

The announcement sent shares of Adecco tumbling $5.48, or 32 percent, to $11.45 in midday trading Jan. 12.

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