Pursuits
Europe Stocks Drop for Third Week in Four Amid Earnings Concern
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European stocks dropped for a third week in four as the International Monetary Fund and the World Bank lowered economic-growth forecasts and companies predicted their earnings will miss estimates.
Morgan Crucible Co. and Cookson Group Plc tumbled at least 14 percent after saying their full-year performance will fall short of targets. Semiconductor makers retreated as America’s Advanced Micro Devices Inc. cut its sales forecast. Marine Harvest ASA lost 5.2 percent after warning that profit will miss analyst estimates.