Heineken Sales Down as Crisis Rolls On

Dutch brewer Heineken posted a lower-than-expected profit outlook for 2013 after earnings fell by 15.0 percent year-on-year for the third quarter, blaming this on continuing economic crisis in countries such as Greece. "Heineken now expects 2013 net profit to decline in the low single digits on an organic basis," the Amsterdam-based group said in a statement. (Expatica.com)