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What: Shares of glassware maker Owens-Illinois
So what: Management just lowered expectations for the second quarter, from flat year over year to a 3%-6% drop in operating profits. Higher costs are overwhelming a rise of as much as 10% in global shipments, and it doesn't help that manufacturing has become more expensive in certain regions as well.
Now what: Owens-Illinois provides bottles and jars for everybody from soft-drink giant PepsiCo
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