International stocks trading in New York closed mixed on Thursday.

The BNY Mellon index of American depositary receipts fell 0.24% to 147.60. The European index decreased 0.39% to 144.00, the Asian index improved 0.08% to 156.48, the Latin American index rose 0.09% to 232.85 while the emerging markets index declined 0.08% to 275.00. Alibaba Group Holding Ltd. (BABA) and Oi SA (OIBR, OIBRC, OIBR4.BR) were among the companies with ADRs that traded actively.

ADRs of Alcatel-Lucent (ALU, ALU.FR) rose 1.68% to $3.64 after the Paris-based telecommunications-equipment maker reported stronger first-quarter margins although slow spending by big U.S. telecom companies pushed it to another loss. The latest results underscore the challenges and the benefits Nokia Corp. (NOK, NOK1V.HE) could reap if its completes its EUR15.6 billion euro ($17.7 billion) takeover bid for the maker of wireless network gear and Internet-routing equipment. Nokia's ADRs rose nearly 4% to $6.72.

ADRs of Alibaba rose nearly 8% to $86 after the Chinese e-commerce giant unveiled a broad management shuffle that included a new chief executive and a younger generation of leaders. The company also reported better-than-expected revenue growth of 45% for the quarter ended in March quarter thanks to continued growth in mobile transactions.

ADRs of ArcelorMittal SA (MT, MT.FR, MT.AE) fell 3% to $10.26 after the Luxembourg-based steelmaker warned investors it will miss its profitability target this year after it reported a wider-than-expected first-quarter net loss amid tumbling steel prices. The world's largest steel producer by shipments said Thursday that U.S. customers have run down steel inventories amid growing competition from Chinese and Russian steel exports, contributing to a world-wide steel glut.

ADRs of Aviva PLC (AV, AV.LN) rose 2% to $16.03 as the U.K.-based insurer reported a 14% rise in new business for the first-quarter and said its turnaround is on track and ahead of schedule. The world's sixth-largest insurance firm measured by net premium income added that detailed plans to integrate Friends Life are well underway and, while this is a challenging and complex project, the board is confident of timely progress.

ADRs of ING Groep NV (ING, INGA.AE) rose 1.55% to $15.68 after the Amsterdam-based bank recorded a sharp rise in first-quarter earnings as it benefited from a pickup in lending activity in Europe and lower provisions for bad loans.

Brazil's Oi swung to a loss in first quarter as the telecommunications company saw a drop in revenue and an increase in its debt-service costs. ADRs fell 6% to $1.86.

Philips NV (PHG, PHIA.AE) moved a step closer to splitting itself into two after investors approved a plan to spin off the company's nearly 124-year-old lighting business. Shareholders voted almost unanimously in favor of the split at a meeting in Amsterdam, clearing the way for what will likely be an initial public offering for the lighting business. Philips has said the listing could occur in the first half of 2016. Philips's ADRs closed down 0.88% to $28.12.

Rio Tinto PLC (RIO, RIO.LN, RIO.AU) said it won't follow Anglo-Australian rival BHP Billiton by spinning off unwanted assets, hosing down speculation the miner may carve off parts of its business as it grapples with a downturn in commodity markets. Rio Tinto's chairman and chief executive said they were happy with the size of the company--one of the world's biggest producers of commodities including iron ore, copper and diamonds--and that they were looking at several options to expand. The comments come a day after BHP's shareholders voted overwhelmingly in favor of a plan to spin off a suite of assets. Rio Tinto's ADRs edged down 0.11% to $45.62, while ADRs of BHP Billiton Ltd. (BHP, BHP.AU) closed down 2.22% to $50.27 and ADRs of BHP Billiton PLC (BBL, BLT.LN) ADRs were down 2.35% to $47.40.

ADRs of Sasol Ltd. (SSL, SOL.JO) fell 4% to $38.49 after the South African petrochemicals giant said its Gabon crude oil asset remains under pressure from a weak commodity prices. However, Sasol also expects its natural-gas sales to increase for the quarter ending in June, thanks to a Mozambican gas-to-power plant reaching full production.

Telecom Italia SpA (TI, TIA, TIT.MI), Italy's dominant telecommunications operator, said its first-quater earnings tumbled by two-thirds as it absorbed the negative effects of a bond buyback and revenue fell in its domestic and Brazilian markets. ADRs closed up 0.09% at $11.58.

Write to Tess Stynes at tess.stynes@wsj.com

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