US, Europe stocks decline

TEL AVIV The TA-25 index declined 0.3 percent to 1,142.80 at the 4:30 p.m. close in Tel Aviv on Wednesday. Investors traded about NIS 952 million of shares and convertible securities, according to bourse data.

B.G.I. Investments 1981, a real-estate developer, advanced 4.6% after it said it is in initial talks to buy the import, marketing and distribution activities of Samsung cellular handsets from Scailex Corp. Scailex declined 0.7%.

Cimatron, a provider of software products for manufacturing industries, rose 8.7% after it said it has received court approval for a $10m. cash distribution to shareholders.

Internet Gold-golden Lines gained 8.2% on speculation the company’s fixed-line phone unit will benefit from a new government policy. WALL STREET Stocks fell, after the biggest advance in more than a month for the Standard & Poor’s 500 Index, as Intel Corp. and IBM drove a slump in technology shares after reporting results.

The S&P 500 dropped 0.2% to 1,387.75 at 3:24 p.m. in New York. The Dow Jones Industrial Average retreated 59.37 points, or 0.5%, to 13,056.17. EUROPE Stocks declined as Bank of England policy maker Adam Posen ended his support for more stimulus.

National benchmark indexes fell in 15 of the 18 Western Europe markets. France’s CAC 40 Index declined 1.6%, the UK’S FTSE 100 Index slid 0.4% to 5,745.29, Germany’s DAX Index lost 1% and Spain’s IBEX 35 Index retreated 4% to its lowest since March 2009.

(Bloomberg)