Tuesday, 12 June 2007

European Stocks Decline, Paced by HBOS, Royal Bank, STMicroelectronics

(Bloomberg) -- European stocks declined after HBOS
Plc said its share of the U.K. mortgage-lending market may
decline and Texas Instruments Inc. said sales will miss its
highest estimates, sending technology shares lower.

HBOS, Britain's biggest mortgage bank, had its steepest drop
in almost three months. STMicroelectronics NV, Europe's largest
maker of semiconductors, declined for the first time in three days.


Read more at Bloomberg Stocks News

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