“European stocks declined for a third day, extending a three-week low, as Standard & Poor’ssaid Greece may have to restructure its debt again. Asian shares and U.S. index futures retreated.
Hennes & Mauritz AB (HMB), Europe’s second-largest clothing retailer, dropped the most in six months after earnings missed estimates. Inditex SA (ITX), the owner of the Zara brand, fell 1.9 percent. FirstGroup Plc (FGP), Britain’s biggest train operator, sank 14 percent. Nobel Biocare AG rose 4.1 percent after Chairman Rolf Watter told Handelszeitung the dental-implant maker would reject a takeover bid if it was too low….”
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