Thursday, July 12, 2007

European Stocks Advance, Led by BHP Billiton, Xstrata, Alstom, Nokia

(Bloomberg) -- European stocks rose for the first
time in three days, led by BHP Billiton Ltd. and Xstrata Plc,
after Rio Tinto Group's $38.1 billion purchase of Canada's Alcan
Inc. fanned takeover speculation in the industry.

Alstom SA jumped the most since April after the world's third-
biggest maker of power plants said sales rose 27 percent, driven by
increased investment in electricity grids. Nokia Oyj climbed after
Motorola Inc. of the U.S. posted a quarterly loss because it's
losing customers to the Finnish mobile-phone company.


Read more at Bloomberg Stocks News

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