* Jana Partners says move "encouraging"; seeks more * 3rd-quarter income from continuing operations falls 27 pct to $117 mln * Total revenue falls 4 pct to $2.1 bln * Shares rise 3 pct By Sayantani Ghosh and Kanika Sikka July 25 (Reuters) - Valvoline motor oil maker Ashland Inc said it was considering selling its water technologies unit, but activist investor Jana Partners said the company needs to do more to boost ...
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