European Stocks Decline, Led by Nokia, GlaxoSmithKline; Adidas Shares Gain

(Bloomberg) -- European stocks fell for the first time in four days after U.S. companies including Yahoo! Inc. and International Business Machines Corp. reported earnings that disappointed some investors.

Nokia Oyj and Atos Origin SA led technology-related shares lower. GlaxoSmithKline Plc and BP Plc paced a slide by exporters after the dollar weakened against regional currencies. Adidas AG rose to a record after Financial Times Deutschland reported Apax Partners Worldwide LLP may buy a stake in the company.


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