International stocks trading in New York closed lower Friday,
with the Bank of New York index of American depositary receipts
falling 0.2% to 145.69. The European index dropped 0.1% to 146.69,
the Asian index fell 0.6% to 138.67, the Latin American index
declined 0.4% to 247.49 and the emerging markets index shed 0.2% to
255.92. Among the companies with shares that actively traded was
GlaxoSmithKline PLC (GSK, GSK.LN).
U.K. pharmaceuticals giant GlaxoSmithKline on Friday said three
late-stage studies into a lung disease drug it developed with San
Francisco-based Theravance Inc. (THRX) produced positive results.
Still, shares slipped 0.2% to $54.23.
India's top court dismissed Nokia Corp.'s (NOK, NOK1V.HE) recent
appeal of a lower court order related to a continuing tax dispute
that has cast a shadow over the Finnish company's $7.5 billion deal
to sell its handset business to Microsoft Corp. (MSFT). Separately,
Finnish newspaper Helsingin Sanomat reported on its website that
Nokia is planning to appoint Rajeev Suri as its next chief
executive, citing unnamed Finnish and foreign sources. Nokia shares
edged down 0.3% to $7.54.
HSBC Holdings PLC (HSBC, HSBA.LN) on Friday appointed Jonathan
Symonds, former chief financial officer of Novartis AG (NVS,
NOVN.VX), as chairman of its European retail banking unit HSBC Bank
PLC. HSBC shares edged up 0.1% to $49.88.
Write to Anna Prior at anna.prior@wsj.com
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