IFF's Income Declines on Charges.

International Flavors and Fragrances (IFF) reported net income down 11%, to $56 million (69 cts/share). Earnings include a pre-tax charge of $6.2 million related to employee separation costs. Earnings were 75 cts/share excluding the charge. Sales rose 5%, to $597 million because of favorable currency exchange rates and strong results from the flavors division, IFF says. Flavors operating income rose 27%, …