European Stocks Slide; Gamesa Corp., L'Oreal Among Decliners

European stocks fell Tuesday amid geopolitical jitters after EU governments abruptly halted new sanctions against Russia to assess the latest Ukraine cease-fire, as corporate surprises pulled individual stocks in both directions. In Madrid, Spanish renewable energy company Gamesa Corp. Tecnologica SA fell after announcing plans to boost its share capital by about 9.99% through an accelerated book building, while in Paris cosmetics giant L’Oreal SA lost some of its luster after cutting its growth outlook for the cosmetics market. Bucking the downward trend, Quindell plc rose 4 in London after the claims-handling software company won a libel suit against short-seller Gotham City Research LLP. In Stockholm, ABB Ltd. also gained after the maker of power and automation technologies announced plans to buy back $4 billion worth of shares.