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ADR Report: Shares Lower Following G20 Meeting

By Corrie Driebusch Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- International companies trading in New York closed lower Monday following disappointment over the Group of 20's meeting and continued euro-zone concerns. The Bank of New York index of ADRs fell 0.6% to 132.34. Gold futures ticked lower for a second session Monday, as the latest set of euro-zone debt worries cast doubt on the durability of the metal's recent rally. Shares of South African gold miners Harmony Gold Mining Co. (HMY, HAR.JO) shed 2.3% to $13.01, DRDGOLD Ltd. (DRD) declined 2.8% to $7.66 and AngloGold Ashanti Ltd. (AU, ANG.JO) traded down 1% to $42.61. The European index lost 0.8% to 120.96. With its shares ending down 6.2% at $5.44 Monday, Finnish handset maker Nokia Corp. (NOK, NOK1V.HE) probably learned a lesson or two about setting expectations too high, as the new additions to its phone portfolio revealed at the Mobile World Congress in Barcelona failed to inspire. Ahead of the ongoing Mobile World Congress, Nokia bragged it would release some "significant industry news" at the event in Barcelona. The statement lifted both Nokia's shares as well as anticipation ahead of the news release Monday. "We were looking for a cheap Windows phone at $200 on a new version of the software," said Nomura's analyst Richard Windsor. "We got a phone at $260 on the old software." Pearson PLC (PSO, PSON.LN) Monday said it expects to increase sales and profits in 2012 despite a tough market, as investment in its digital businesses helped drive full-year adjusted earnings above guidance, although shares slipped 4% to $19.02 as net profit fell. The Asian index dropped 0.4% to 130.54 and the emerging markets index fell 0.7% to 313.57. Oil futures pulled back Monday, snapping a string of seven straight advances. Oil companies CNOOC Ltd. (CEO, 0883.HK) slipped 1% to $223, Sinopec Shanghai Petrochemical Co. (SHI, K3DD.SG, 600688.SH, 0338.HK) declined 2.3% to $37.42 and China Petroleum & Chemical Corp. (SNP, 0386.HK, 600028.SH) lost 1.1% to $111.80. The Latin American index shed 0.5% to 381.05. A final decision on Brazilian mining-company Vale SA's (VALE, VALE5.BR) longstanding dispute with the government over payment of as much as 7.9 billion Brazilian reais ($4.64 billion) in backdated royalties has been postponed for another 60 days, Brazil's national-mining department said Monday. Shares of Vale declined 0.8% to $25.49. -By Corrie Driebusch, Dow Jones Newswires; 212-416-2143;

Stock News for Pearson (PSO)
11/23/201503:02:00Pearson, Dow Jones Sell Stakes In Russian Paper
11/20/201513:30:00Pearson, Dow Jones Sell Stakes in Russian Newspaper
11/20/201513:25:00Pearson, Dow Jones Sell Stakes in Russian Newspaper
11/20/201509:20:00FT Journalists Delay Strike
11/19/201511:00:00FT Journalists Vote to Strike
11/18/201508:36:59Report of Foreign Issuer (6-k)
11/11/201513:12:00Financial Times Faces Possible Strike--Update
11/11/201511:40:00Financial Times Faces Possible Strike
11/02/201508:14:24Report of Foreign Issuer (6-k)
10/29/201511:03:49Report of Foreign Issuer (6-k)
10/26/201522:19:22Credit Suisse's Top UK, European And U.S. Dividend Stocks
10/26/201508:57:00Pearson Appoints Sidney Taurel as Chairman
10/26/201508:42:31Report of Foreign Issuer (6-k)
10/23/201506:53:29Report of Foreign Issuer (6-k)
10/21/201505:50:00Pearson Shares Dive on Profit Warning
10/21/201505:18:00Pearson Shares Dive on Profit Warning -- Update
10/21/201503:09:00Pearson Cuts Guidance; Warns on Market Conditions
10/08/201506:13:43Report of Foreign Issuer (6-k)
10/02/201507:37:04Report of Foreign Issuer (6-k)
10/01/201514:44:28Report of Foreign Issuer (6-k)

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