Bayer issues profit warning:
This article was originally published in Clinica
The German chemicals, drugs and diagnostics company Bayer has told the market that its operating profit for the second quarter would be "well below" the E938 million ($809 million) for 2000. The full year will be around E3 billion, failing to match last year's 20% increase to $3.34 billion. Its healthcare division will also fall short of last year's profits, the company said.