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ADR Report: Shares End Higher After Encouraging US Housing Report

By Mia Lamar International companies trading in New York closed higher Tuesday as investors drew encouragement from a better-than-expected report on the hard-hit U.S. housing market. The Bank of New York index of American depositary receipts rose 0.5% to 114.62. Solar stocks struggled, however, after LDK Solar Co. (LDK) posted a wider loss in its fiscal first-quarter and laid out a disappointing view for the quarter ahead. Shares of the solar-product maker slumped 5.9% Tuesday to end at $1.90. Shares of Trina Solar Ltd. (TSL) dropped 8% to $6.23, while shares of Yingli Green Energy Holding Co. (YGE) shed 1.4% to $2.78. The European index rose 0.5% to 106.40. Spanish banks lagged after Moody's Investors Service downgraded 28 of the country's banks late Monday, adding further worries to the troubled sector. Among individual stocks, Banco Bilbao Vizcaya Argentaria (BBVA, BBVA.MC) fell 0.5% to $6.25, while Banco Santander (SAN, SAN.MC) ended 0.8% lower at $5.93. The Asian index rose 0.4% to 113.56. Shares of Macau-focused casino operator Melco Crown Entertainment Ltd. (MPEL, 6883.HK) slumped on rising concerns that growth in the Chinese city's red-hot gambling industry has peaked. U.S.-listed shares closed 3% lower in New York at $11. The Latin American index rose 0.7% to 302.29 while the emerging markets index added 0.7% to 259.28. Gol Linhas Aereas Inteligentes (GOL, GOLL4.BR), Brazil's second-biggest airline, said Tuesday that it would cut 2,500 jobs this year, more than double the layoffs it had previously forecast, as it moves to improve profitability. Shares closed 4.4% lower at $4.56 in New York. -Write to Mia Lamar at mia.lamar@dowjones.com

Stock News for Banco Santander Chile (SAN)
DateTimeHeadline
09/15/201410:25:51Santander's Botin Pledges to Continue Father's Work--Update
09/15/201406:31:37Santander's Botin Pledges to Continue Father's Work
09/11/201410:00:04Ana Botín Will Have to Hit the Ground Running
09/10/201412:42:19EUROPE MARKETS: European Stocks Fall For Fourth Straight Day
09/10/201412:22:20EUROPE MARKETS: Swatch Falls, Kingfisher Climbs: Europe's Big...
09/10/201411:42:11EUROPE MARKETS: Santander Falls; Kingfisher Climbs: Europe's...
09/10/201411:13:52EUROPE MARKETS: European Stocks Slide For Fourth Straight Day
09/10/201410:37:28EUROPE MARKETS: European Stocks Slides For Fourth Straight Day
09/10/201408:50:53Santander Chairman Emilio Botín Dies Aged 79 -- 3rd Update
09/10/201408:20:24Moody's Cuts Outlook For Brazil's Major Banks
09/10/201408:06:11Moody's Cuts Outlook For Brazil's Major Banks to Negative From...
09/10/201407:17:44Santander Chairman Emilio Botín Dies Aged 79 -- 2nd Update
09/10/201405:40:08EUROPE MARKETS: Santander Slides; Kingfisher Climbs: Europe's...
09/10/201405:00:09Europe Shares Fall, Taking Cue From Asian Markets
09/10/201404:48:31Europe Shares Fall, Taking Cue From Asian, U.S. Markets
09/10/201404:40:16Santander Chairman Emilio Botín Dies
09/10/201404:34:35Santander Chairman Emilio Botín Dies Aged 79 -- Update
09/10/201403:47:32Santander Chairman Emilio Botín Dies Aged 79
07/31/201410:40:08Santander Reports Rise in Second-Quarter Profit -- 2nd Update
07/31/201405:30:06Santander Reports Rise in Second-Quarter Profit

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