UPDATE 3-Ciba pushes back targets after profits tumble

Newswire

(Adds comments from news conference, previous ZURICH) By Michael Shields BASEL, Switzerland, Aug 20 (Reuters) - Ciba Specialty Chemicals AG scrapped a timetable for hitting financial targets on Wednesday after a soggy economy and Swiss franc strength drove second-quarter profit down over a quarter. Shares fell four percent in early trade after the maker of products ranging from detergent whiteners to the pigments that make Ferraris red said net profit fell a worse-than-expected 27 ...

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