Michelin Sales Fall on Widening European Recession

April 23 (Bloomberg) -- In "Company News," Bloomberg's Francine Lacqua reports on the top business stories of the day. She speaks on Bloomberg Television's "On The Move."

Sainsbury CFO Sees `Very Tough Retailing Environment'
30:53 - U.K. supermarket chain J Sainsbury Plc reported annual profit that beat estimates as the company outperformed peers in a market blighted by deflation and discount competition. Operating profit fell 11 percent to 700 million pounds ($1.02 billion) in the 52 weeks ended March 12, the country’s second-biggest grocer said in a statement Wednesday. Chief Financial Officer John Rogers goes through the numbers with Manus Cranny in Dubai and Anna Edwards in London on "Countdown."
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