NEWS OF THE WEEK EARNINGS
FIRST-HALF WOES HIT GERMAN PRODUCERS This is a year for retrenching at chemical giants Bayer, BASF
L
AST WEEK, BAYER AND BASF
announced first-half results; they proved gloomy reading. Bayer Chairman Manfred Schneider, in what was essentially the company's third successive profit warning, noted, "We must assume that earnings for the year as a whole will be significantly below our previous expectations.
en ι cr Ι
ΣΙ
