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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
07/02/201517:30:26Santander Consumer USA CEO Thomas Dundon to Step Down
07/02/201516:15:00Jason Kulas Appointed Chief Executive Officer Of Santander Consumer...
07/02/201512:50:00Santander Supports President's Society Program At LaGuardia Community...
07/01/201506:50:05Monitise Shares Soar on Santander Joint Venture
06/30/201519:29:05Portugal's Novo Banco Received Three Binding Offers -- Update
06/30/201516:40:16Portugal's Novo Banco Received Three Binding Offers
06/30/201516:23:37Portugal's Novo Banco Received Three Binding Offers
06/30/201516:15:15Report of Foreign Issuer (6-k)
06/30/201513:28:21Report of Foreign Issuer (6-k)
06/30/201513:10:45Santander's Ana Botín Shakes Up Management a Second Time...
06/30/201512:23:47Santander's Ana Botín Shakes Up Management a Second Time...
06/30/201511:00:06Santander Shakes Up Management Again
06/30/201510:25:48Santander Announces Second Major Management Shakeup Since September
06/29/201517:51:48ADRs End Lower; National Bank of Greece Drops Sharply
06/23/201505:11:12Transcom WorldWide Gets Contract Renewal From Banco Santander
06/19/201515:49:00Santander Holdings USA Strengthens Board With New Independent...
06/17/201516:56:32Report of Foreign Issuer (6-k)
06/17/201511:40:09U.S. Restricts Six Banks Over Mortgage Problems
06/16/201512:49:00Santander Donates $175,000 To The American Red Cross
06/15/201508:00:00Genzyme Initiates Phase 1/2 Clinical Trial to Evaluate Olipudase...

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