International stocks trading in New York closed lower on Friday,
with the Bank of New York index of American depositary receipts
falling 0.9% to 150.94. The European index slipped 0.8% to 151.66,
the Asian index dropped 1% to 144.85, the Latin American index fell
1.8% to 255.61 and the emerging markets index declined 1.4% to
265.75. Among the companies with shares that actively traded were
Telecom Italia SpA (TI, TIA, TIT.MI).
Telecom Italia reported a narrower net loss of EUR674 million
($927.9 million) for 2013, and proposed suspending its ordinary
dividend so that it could keep investing in its network amid signs
of recovery in its home market. Still, shares fell 2.8% to
$11.31.
Mexico took unprecedented strides to rein in the country's
telecommunications and television operators, imposing a rash of
measures on the phone companies of billionaire Carlos Slim and on
the country's top broadcaster Grupo Televisa SAB (TV, TLEVISA.MX)
in a bid to improve competition in their markets. Grupo Televisa
shares fell 2.3% to $31.12.
Ryanair Holdings PLC (RYAAY, RYA.LN) suffered a setback in its
fight to keep a 28.9% stake in rival carrier Aer Lingus PLC as U.K.
antitrust regulators on Friday rejected the discount airline's
appeal against an earlier ruling that its stake stifled competition
between the U.K. and Ireland and should be reduced. Shares edged
down 0.5% to $56.59.
Vodafone Group PLC (VOD, VOD.LN) will conduct an accelerated due
diligence of Ono SA that may lead to a binding offer for the
Spanish cable company, following new discussions with Ono's
shareholders, according to The Wall Street Journal, which cited a
person close to the talks. Vodafone shares fell 2.8% to $39.93.
A Royal Dutch Shell PLC (RDSA, RDSA.LN) oil pipeline in
southeast Texas leaked about 364 barrels of oil Thursday when work
crews accidentally punctured the line, according to the company.
Still, shares edged up 0.3% to $72.81.
Write to Anna Prior at anna.prior@wsj.com
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