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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
07/31/201410:40:08Santander Reports Rise in Second-Quarter Profit -- 2nd Update
07/31/201405:30:06Santander Reports Rise in Second-Quarter Profit
07/31/201404:30:46Santander Reports Rise in Second-Quarter Profit -- Update
07/29/201410:01:36Banco Santander SA 2Q 2014 -- Forecast
07/22/201413:12:47EUROPE MARKETS: FTSE Hits 2-week High As Oil Shares Rise Across...
07/22/201410:05:24EUROPE MARKETS: Oil Shares Drive Higher In Europe; Publicis Slides
07/22/201406:41:02EUROPE MARKETS: Oil Shares, ARM Drive Gains In European Markets
07/10/201402:56:13CNP to Buy 51% Stake in Santander Consumer Finance's Insurance...
06/30/201403:36:34CNP, Banco Santander in Talks Over Consumer Finance Alliance
06/24/201412:00:06Correction to Fed Gives Four Banks Time to Resubmit Capital Plans...
06/23/201412:17:16EUROPE MARKETS: European Stocks Fall As U.K. Housing Plays Struggle
06/23/201405:31:03Santander to Buy Nordic Units of GE Money
06/06/201404:58:35EUROPE MARKETS: European Stocks Up After ECB Cuts; Weekly Win...
06/05/201421:55:20SocGen, Santander Weigh Link with Germany's Commerzbank -- Reports
06/02/201413:59:36King Juan Carlos' Abdication Leads to Debate on Spanish Monarchy
05/29/201416:05:50Providence, R.I., Files Federal Lawsuit Against Banco Santander--2nd...
05/29/201415:30:50Providence, R.I., Files Lawsuit Against Banco Santander
05/29/201415:24:15Providence, R.I., Files Federal Lawsuit Against Banco Santander--Update
05/08/201412:14:05EUROPE MARKETS: Draghi Comments Send European Stocks Higher
04/29/201418:06:12ADR Shares End Higher; ABB, Deutsche Bank and Banco Santander...

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