UPDATE 1-Reckitt Benckiser cuts full-year forecast again as new CEO takes over

British household goods maker Reckitt Benckiser has cut its full-year sales forecast for the second time this year, blaming a drop in retail orders for Mucinex in the United States and a drop in demand for its Enfamil baby products in China. The Durex condom and Lysol disinfectant maker said on Tuesday it now expected full-year like for like sales growth to range from flat to up 2%, down from its previous target of 2% to 3%, which marked its second forecast cut this year. The company also said it expected to see a modest decline in adjusted operating margins for the year as it pours more money into its brands.