Pursuits
European Stocks Drop on U.S. Manufacturing Data; Vodafone Falls
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European stocks retreated the most in two weeks as a report showed that U.S. manufacturing unexpectedly contracted in August.
Vodafone Group Plc fell 2.6 percent after Sanford C. Bernstein & Co. downgraded the world’s second-largest mobile-phone operator. Royal Ahold NV rose 2.5 percent after saying it may sell its 60 percent stake in Scandinavian retailer ICA, possibly through an initial public offering.