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Dividend.com: Reducing Manpower

Stock quotes in this article: PPG , SCS , MAN , RNT  

PPG Industries Warns Badly on Fourth Quarter Outlook

PPG Industries (PPG Quote) shares are down nearly 5% as the company announced profits for the quarter will come in below current analyst expectations.

Management said the market softness which was seen initially in the U.S. industrial markets has now spread globally. The company sees the biggest weakness specifically in its industrial coatings segment -- including automotive -- and its glass segment, and both were expected to report fourth-quarter losses.

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