Showing posts with label Arcelor Mittal. Show all posts
Showing posts with label Arcelor Mittal. Show all posts

Tuesday, June 26, 2007

European Stocks Decline, Paced by Barclays, BNP Paribas, BAE Systems

(Bloomberg) -- European stocks dropped for a fourth
day as U.S. equities retreated. Barclays Plc, Britain's third-
largest bank, and BNP Paribas SA, France's biggest, paced the
decline after their U.S.-traded securities fell.

BAE Systems Plc tumbled after Europe's largest weapons maker
said the U.S. Justice Department started a probe of the company's
compliance with anti-corruption laws. Arcelor Mittal declined
after Merrill Lynch & Co. downgraded the steelmaker's shares.
Iberdrola SA dropped after the Spanish power company agreed to
buy U.S.-based Energy East Corp. for $4.5 billion.


Read more at Bloomberg Stocks News