• Despite difficult times in Europe, International Flavors & Fragrances Inc. (IFF) reported a 1% increase in revenue for the second quarter to $721.3 million. The company noted that excluding the impact of foreign currency, local currency sales increased 4%. On a like-for-like basis, which excludes the exit of low-margin sales activities in flavors, local currency sales increased 5%. Net income rose more than 16% to $88.6 million. “We are pleased with our performance this quarter,” sa...