American depository receipts of European companies fell by 0.5% on Wednesday afternoon to 150.46, according to the Bank of New York Mellon Europe ADR Index.
Luxottica Group, S.p.A ( LUX ) led the declines, last down about 4%, after Italian newspaper Corriere della Sera said there had been a disagreement between LUX CEO Andrea Guerra and founder Leonardo Del Vecchio over the company's recent tie-up with Google ( GOOG ) to develop fashionable Google Glass eyewear. Several Italian newspapers reported that Guerra could leave at the end of the year when his contract expires.
On the upside, Nokia ( NOK ) was up 1.37%, and CSG (CGG) rose 1.36%.
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