Pursuits
European Stocks Decline for a Third Day; AB InBev, BAE Retreat
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European stocks declined for a third day as investors speculated that economic fundamentals don’t justify current stock valuations and Alcoa Inc. cut its forecast for global aluminum demand.
Anheuser-Busch InBev NV slipped 1.2 percent after a report that the U.S. may block its $20 billion takeover of Grupo Modelo SAB. BAE Systems Plc fell after abandoning plans to merge with European Aeronautic, Defence & Space Co. Imagination Technologies Group Plc lost 9.4 percent as analysts recommended selling the shares.