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McCormick lowers its earnings forecasts. Firm notes weak industrial business, projected sales dip in Katrina-hit areas; Changes affect 3Q, fiscal-year expectations; Spice maker plans to take steps to cut manufacturing, administrative costs
Spice maker McCormick & Co. Inc. lowered its earnings forecast yesterday for its third quarter and fiscal year, blaming weakness in its industrial business and anticipated lower sales in hurricane-ravaged areas. [baltimoresun.com - investing]
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Wednesday, August 31, 2005
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