ADRs End Mostly Higher; Orange Rises

International stocks trading in New York closed mostly higher on Tuesday.

Orange SA (ORAN, ORA.FR), was among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts rose 0.65% to 127.82. The European index increased 0.80% to 125.59, the Asian index was flat at 136.26, the Latin American index rose 2.1% to 185.58 and the emerging markets index increased 0.70% to 237.78.

Orange SA, France's largest telecom company whose plan to buy rival Bouygues Telecom broke down earlier this month, said Tuesday that its first-quarter revenue rose 3.5%, boosted by a return to revenue growth in Spain and higher sales to companies. ADRs rose 1.6% to $16.96.

BP PLC (BP, BP.LN) is struggling to control the spiraling costs of the fatal blowout that sent a slick of oil across the Gulf of Mexico for months in 2010, disclosing on Tuesday the disaster's bill had reached more than $56 billion. The mounting bills came into focus on Tuesday, when U.K. oil major reported a $485 million quarterly net loss that was largely caused by an unexpected $917 million write-down related to the spill. Still, ADRs rose 5.4% to $33.49 as oil prices rose.

Former cellphone maker Nokia Corp. (NOK, NOKIA.HE) is speeding its return to the gadgets business. Two years after selling its mobile-phone unit to Microsoft Corp., the Finnish maker of telecom-network equipment said Tuesday that it plans to buy Withings SA, a French startup that was among the first companies to make Internet-connected devices that track users' health. Nokia's ADRs fell by a penny to $5.91.

Philips NV (PHG, PHIA.AE) said the International Court of Arbitration has ruled in favor of the Dutch electronics group in a 2013 arbitration case against Japanese consumer electronics company Funai Electric Co. Ltd. (6839.TO). The court has ordered Funai to pay Philips 135 million euros ($151.46 million) as compensation for damages, Philips said. ADRs rose 2.1% to $27.65.

Write to Tess Stynes at [e-mail]

(END) Dow Jones Newswires

April 26, 2016 17:50 ET (21:50 GMT)

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