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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
04/11/201411:09:03Blackstone Buys Catalunya Banc's Real-Estate Servicing Unit
04/10/201414:54:12JBS Plans to Sell Shares in Its Processed Food and Poultry Division
04/07/201406:57:22Santander Brasil to Increase Stake in GetNet To 88.5%
03/27/201420:51:20Fed Governor Defends Foreign Bank Oversight
03/27/201413:19:43EUROPE MARKETS: European Stocks Flat, Bogged Down By H&M, Banks
03/27/201411:46:16EUROPE MARKETS: European Stocks Bogged Down By H&M, Banks
03/27/201411:23:15EUROPE MARKETS: European Stocks Bogged Down H&M, Banks
03/27/201410:30:03EUROPE MARKETS: European Stocks Head Lower After U.S. Growth...
03/27/201407:18:12EUROPE MARKETS: European Stocks Edge Up Ahead Of U.S. Growth...
03/27/201405:30:03Fed Rejects Capital Plans for RBS, HSBC, Banco Santander
03/26/201410:15:54Santander UK Fined Over Financial Advice Failings
03/18/201413:14:47EUROPE MARKETS: European Stocks End Higher After Putin Speech
03/18/201410:11:01EUROPE MARKETS: European Stocks Turn Higher After Putin Speech
02/20/201420:14:17Brazil's Oi Board Approves Santander's Financial Appraisal In...
02/19/201409:40:09Top Renova Shareholders to Sell Part of Stakes
02/19/201403:50:03Peugeot Mulls DongFeng Alliance As Loss Narrows
01/31/201412:25:32Santander Mexico Sees Better Credit Growth This Year After Uninspiring...
01/31/201412:10:16BOE Says Up to 100 to Lose Jobs After Review
01/31/201411:49:24BOE Says Up to 100 Staff to Lose Jobs After Deloitte Review
01/31/201403:50:15BBVA Posts Loss, Hit by Charge

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