Andrew Wood News
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WorleyParsons Ltd., Australia’s largest oil and gas engineering company, plunged the most in four and a half years after cutting its earnings forecast following lower resource spending in Australia and Canada.
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Beiersdorf AG wants you to spend more time in the shower.
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For border officials in Hong Kong, baby formula trumps heroin.
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Nestle SA, the world’s biggest food maker, said full-year sales will be at the lower end of a forecast after reporting its slowest first-quarter revenue growth since 2009.
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L’Oreal SA, the world’s largest cosmetics maker, rose in Paris trading as stronger first-quarter revenue in Asia eased concern over emerging-market demand.
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Danone reported first-quarter sales growth that beat estimates as renewed concern in China over the safety of baby-food products caused consumers to turn to established international brands such as Aptamil and Cow & Gate.
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The U.S. State Department said there was no reduction in diplomatic security in Libya in the weeks before the Sept. 11 attack on the American consulate in Benghazi.
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Henkel AG forecast sales growth of at least 3 percent and higher profitability this year as the German maker of Loctite glues and Persil detergent gains an increasing share of revenue from emerging markets.
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Nelson Peltz helped bring change to H.J. Heinz Co. that led to a $23 billion bid for the company last week. Now he’s turning his attention to Danone SA.
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Republicans on a U.S. House panel confronted State Department officials over the attack on the U.S. consulate in Benghazi, Libya, saying they failed to provide enough security beforehand and then joined in blaming the incident on an anti-Islam Internet video.
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