ADR Shares End Higher: VimpelCom, Siemens Shares Active

International stocks trading in New York closed higher Tuesday, with the Bank of New York index of American depositary receipts rising 0.9% to 146.19. The European index added 1% to 146.04, the Asian index climbed 0.7% to 141.52, the Latin American index increased 0.4% to 256.21 and the emerging markets index rose 0.7% to 256.63. Among the companies with shares that actively traded were VimpelCom Ltd. (VIP) and Siemens AG (SI, SIE.XE).

VimpelCom shares dropped on the news that the company--Amsterdam-based, but with a lion's share of income derived from Russian subscribers under the Beeline brand, making it the number six mobile network operator globally--will not be paying a final 2013 dividend, said Sergei Libin, an analyst at Raiffeisen Bank. Shares dropped 13% to $10.14.

Siemens' profit rose in the fiscal first quarter thanks to smaller charges and orders jumped, the German industrial conglomerate said Tuesday. Shares rose 1.4% to $134.21.

Brazilian banking giant Itau Unibanco Holding SA (ITUB, ITUB3.BR, ITUB4.BR) is in advanced talks to take control of CorpBanca SA (BCA, CORPBANCA.SN), Chile's fifth-largest bank by assets, according to The Wall Street Journal which cites people close to the talks. Itau shares edged up 0.2% to $12.39, while CorpBanca shares rose 0.1% to $19.39.

Royal Philips NV (PHG, PHIA.AE) said Tuesday that it remains cautious about the prospects for 2014, as it swung to a net profit in the fourth quarter of 2013. Shares edged down 0.1% to $35.87.

Vodafone Group PLC (VOD, VOD.LN) investors Tuesday voted to approve the mobile giant's landmark $130 billion sale of its 45% stake in Verizon Wireless, the biggest wireless operator in the U.S., to joint-venture partner Verizon Communications Inc. (VZ). Completion of the deal will return a windfall $84 billion, or 71% of net proceeds, to Vodafone shareholders, with more than two-thirds of that sum in the form of stock. Vodafone shares rose 1% to $37.17.

Barclays PLC (BCS, BARC.LN) and Lloyds Banking Group PLC (LYG, LLOY.LN) both announced job cuts Tuesday, the latest drive by British banks to slash costs amid stagnating revenues. Lloyds said it would cut around 1,000 jobs as the part state-owned bank pushes on with a three-year cost cutting plan. Meanwhile, Barclays is set to cut several hundred investment banking jobs, according to a report in The Wall Street Journal, which cites a person familiar with the matter. Barclays shares rose 2.6% to $18.32, while Lloyds shares climbed 3.7% to $5.55.

Italian eyewear maker Luxottica SpA (LUX, LUX.MI) said Tuesday its 2013 preliminary net sales grew around 3% at current exchange rates compared with the previous year to 7.3 billion euros ($9.97 billion), boosted by a strong performance in the wholesale division and in emerging markets. Shares rose 2.7% to $53.01.

Write to Anna Prior at [e-mail]

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