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ADR Report: Shares Lower As French Political Uncertainty Weighs

By Corrie Driebusch Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- International companies trading in New York closed sharply lower Monday, in line with the broader market, due to political uncertainty in key euro-zone country France. The Bank of New York index of ADRs fell 1.4% to 124.76 as financial stocks in the euro zone traded downward following Sunday's first-round presidential election in France. Socialist candidate Francois Hollande, who is seen as less committed to fiscal austerity than President Nicolas Sarkozy is, took first place in the contest. The two candidates will face each other in a runoff election on May 6. French banks Credit Agricole SA (CRARY, ACA.FR) tumbled 4.2% to $2.31, and BNP Paribas (BNPQY, BNP.FR) lost 2.9% to $18.78. The European index declined 1.5% to 114.23. BMW AG's (BMW.XE) sales chief Ian Robertson said at a press briefing in Beijing that sales growth in China will ease in coming months, according to Bloomberg News. Daimler AG (DDAIY, DAI.XE) shares slid 3.9% to $52.15. The Asian index shed 1.5% to 124.42, and the emerging markets index slipped 1.4% to 293.10. The U.S. Department of Homeland Security has found "errors in a significant percentage" of Infosys Ltd.'s (INFY, 500209.BY) employment-authorization forms, raising concerns about a potential penalty against the software exporter. The errors could eventually result in fines, the Bangalore-based company said. Shares of Infosys dropped 2.1% to $45.66. Shares of Chinese solar panel makers also tumbled Monday. Maxim Group downgraded its stock-investment rating on First Solar Inc. (FSLR) to sell from hold, saying its competitive advantage is gone as the price of polysilicon has settled at $20 per kilogram or less. Shares of fellow solar panel maker LDK Solar Co. (LDK) also fell, off 8.6% at $2.97. Yingli Green Energy Holding Group (YGE) lost 3.7% to $3.40, and Trina Solar Ltd. (TSL, K3KD.SG) dropped 5.8% to $6.38. The Latin American index ended off 0.9% at 351.70. Companhia Brasileira de Distribuicao (CBD, PCAR4.BR), Brazil's largest supermarket chain by revenue, is in advanced talks to acquire the control of local wholesaler Tenda Atacadao, reported the local newspaper O Estado de S. Paulo in its Monday edition. Shares traded down 3.3% to $46.70. -By Corrie Driebusch, Dow Jones Newswires; 212-416-2143; corrie.driebusch@dowjones.com

Stock News for Yingli Grn Engy Adr (YGE)
DateTimeHeadline
07/21/201514:30:00UPCOMING DEADLINE: Levi & Korsinsky, LLP Reminds Shareholders...
07/21/201508:00:00Yingli to Build a 50 MW Solar Power Plant in Shanxi Province...
07/20/201520:30:00IMPORTANT SHAREHOLDER REMINDER: Goldberg Law PC Announces Securities...
07/14/201511:47:00Glancy Prongay & Murray LLP Reminds Investors Of The Upcoming...
07/14/201508:00:00Yingli Solar Introduces New 1500V Utility-Scale Solar Panel
07/14/201508:00:00Newly Launched Solar Start-Up Amplify Energy Provides Innovative...
07/10/201506:30:00Yingli Supplies 240 MW of Solar Panels for Latin America's Largest...
07/10/201506:05:15Report of Foreign Issuer (6-k)
07/09/201508:00:00Yingli Green Energy Comments on U.S. Department of Commerce's...
07/08/201508:00:00Yingli Solar and Partners Power School and Clinic in Rural Laos
07/07/201513:55:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
06/30/201507:30:00Yingli Brings Solar Investment Opportunity to the Chinese Public...
06/24/201507:30:00Yingli Solar to Supply 40 MW of Solar Panels to Sybac Solar in...
06/22/201511:43:00DEADLINE ALERT: Law Offices of Howard G. Smith Announces Lead...
06/22/201506:09:25Report of Foreign Issuer (6-k)
06/19/201510:06:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
06/17/201517:44:00SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of...
06/17/201506:30:00Yingli Partners with LONGi on Vertically Integrated Production...
06/15/201507:30:00Yingli Connects a 50 MW Solar Power Plant to the Utility Grid...
06/12/201518:24:00TRADING ALERT: The Rosen Law Firm Reminds Yingli Green Energy...

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