Economics
Europe Stocks Drop as UniCredit Falls on Italy Wrangling
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European stocks fell for the first time in three days amid political wrangling in Italy and as orders for U.S. durable goods declined more than forecast.
UniCredit SpA, Italy’s biggest bank, retreated 3.5 percent as members of former premier Silvio Berlusconi’s People of Liberty party threatened to topple Prime Minister Enrico Letta’s government. Royal KPN NV advanced 3 percent as the Dutch phone carrier won the support of minority shareholder America Movil SAB for the sale of its German business after acquirer Telefonica SA sweetened its bid.