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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; corrie.driebusch@dowjones.com

Stock News for Pearson (PSO)
DateTimeHeadline
07/27/201507:24:52Report of Foreign Issuer (6-k)
07/27/201506:44:55Report of Foreign Issuer (6-k)
07/27/201503:20:06Pearson in Talks to Sell Economist Stake
07/25/201512:02:09Pearson in Talks to Sell Economist Stake -- Update
07/25/201510:40:05Pearson In Talks to Sell Economist Stake
07/24/201511:40:47Report of Foreign Issuer (6-k)
07/24/201506:42:35Pearson's First Half Hit by Write-Down -- Update
07/24/201503:09:01Pearson 1st Half Hit by Writedown; Backs 2015 Guidance
07/23/201517:31:15ADRs End Lower; Credit Suisse Rises
07/23/201513:58:08Pearson Chooses Digital Path as It Plans to Sell Financial Times...
07/23/201512:30:33Correction to Pearson in Talks to Sell the Financial Times Story
07/23/201511:19:07Pearson Agrees to Sell the Financial Times to Nikkei for $1.3...
07/23/201510:59:57Report of Foreign Issuer (6-k)
07/23/201510:55:28Pearson Agrees to Sell the Financial Times to Nikkei for $1.3...
07/23/201510:44:27Axel Springer Not Buying FT Group
07/23/201510:38:18Financial Times Poised for New Ownership
07/23/201510:12:18Pearson in Talks to Sell the Financial Times -- 3rd Update
07/23/201508:29:24Report of Foreign Issuer (6-k)
07/23/201507:30:06Pearson in Talks to Sell the Financial Times
07/23/201507:21:15Pearson in Talks to Sell the Financial Times -- 2nd Update

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