L’Oréal reported that first-half earnings rose 7.7% and confirmed its full-year targets, fueled by emerging markets. According to reports, operating income climbed to €2.04 billion ($2.7 billion). Operating profit as a percentage of sales reached 17.4%, a record for a six-month period. The company is expanding in developing regions such as Asia-Pacific and Latin America, and last month agreed to buy China’s Magic Holdings, as previously reported in Happi. First-half sales rose 4.7% to 11.7 bill...