Thursday, July 12, 2007

European Stocks Drop, Led by Rio Tinto, Royal Dutch Shell; Alstom Gains

(Bloomberg) -- European stocks fell for a third day,
led by Rio Tinto Group after the world's third-largest mining
company agreed to buy Canada's Alcan Inc. for $38.1 billion.

Royal Dutch Shell Plc also dropped after UBS AG lowered its
recommendation for the shares. Alstom SA led advancing stocks
after the world's third-biggest maker of power plants said fiscal
first-quarter sales rose 27 percent, driven by increased
investment in electricity grids.


Read more at Bloomberg Stocks News

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