Economics
European Stocks Are Little Changed as L’Oreal, Nokia Shares Rise
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European stocks were little changed as L’Oreal SA and Nokia Oyj rallied, offsetting worse-than-forecast reports on industrial production in France and Italy.
L’Oreal jumped the most since May 2010 as Nestle SA was said to explore ways to reduce its 29 percent stake in the biggest cosmetics maker. Nokia advanced 2.8 percent after HTC Corp. agreed to pay it royalties as part of a patent-row settlement. Securitas AB fell 1.5 percent after reporting quarterly profit that missed projections.