BASF reports lower net income, higher sales; cuts global chemicals forecast

07:38 AM | July 25, 2013 | Natasha Alperowicz

BASF today reported a 4.2% decline in second-quarter net income to €1.16 billion ($1.53 billion) on 2.9% higher sales at €18.35 billion. The company cites increased tax expenses and higher minority...