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updated 03:34, Wed October 03, 2007

Outlook Roundup: EFJ Lowers 2007 View, Dean Foods Plans Layoffs Amid Record High Milk Prices

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Among the earnings projection stories for Tuesday, Oct. 2, from AP Financial News:

IRVING, Texas (AP) -- Two-way radio equipment maker EFJ Inc. said Tuesday it will post a "significant operating loss" for the third quarter and lowered its revenue forecast for the full year, sending shares tumbling more than 30 percent in midday trading.

DALLAS (AP) -- Dean Foods Co., the nation's largest dairy producer, said Tuesday that record high milk prices are cutting into profits, and the company plans to cut 600 to 700 jobs.

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