International stocks trading in New York closed mixed on
Wednesday, with the Bank of New York index of American depositary
receipts slipping 0.2% to 155.17. The European index declined 0.3%
to 150.71, the Asian index fell 0.2% to 154.34, the Latin American
index added 0.5% to 308.78 and the emerging markets index edged up
0.1% to 312.40. Among the companies with shares that actively
traded were Luxottica SpA (LUX, LUX.MI) and JA Solar Holding Co.
(JASO).
The world's largest eyewear company, Luxottica, which owns
brands including Ray-Ban and Oakley, saw its shares fall amid
speculation that Chief Executive Andrea Guerra could be about to
leave his position after 10 years with the Italian firm. Luxottica
said it doesn't comment on media speculation, but acknowledged that
Chairman Leonardo Del Vecchio and Mr. Guerra "have been debating
the best strategic direction for the group" for some time. Shares
fell 4.2% to $51.79.
JA Solar said raising sales of solar panels made it profitable
in the second quarter, but the Chinese solar-panel maker's results
still missed analysts' expectations, sending shares lower. Shares
dropped 6.3% to $9.36.
U.S. generic drugs company Mylan Inc. (MYL), private equity
groups TPG Capital LLP, Advent International, KKR & Co. L.P.,
and Warburg Pincus LLC, and some Indian drug makers have made it
through to the second round of bidding for a portfolio of mature
drugs being sold by GlaxoSmithKline PLC (GSK, GSK.LN), according to
The Wall Street Journal, which cited people familiar with the sales
process. Glaxo shares rose 1% to $47.81.
BP PLC (BP, BP.LN) said that it hired David Lawler, an executive
with U.S. independent petroleum producer Sandridge Energy Inc., to
run a separate business unit it is creating for the U.S.'s lower 48
states. The move is part of BP's plan to restructure its
shale-focused U.S. assets in response to the difficulties that it
and other big oil companies have had profiting from the shale boom
in the country. Shares edged down 0.2% to $48.19.
Write to Anna Prior at anna.prior@wsj.com
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