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...But there’s something else that is threatening to bleed them dry: a giant merger between Dean Foods and Dairy Farmers of America....
...Dean Foods was the latest food company to report quarterly earnings that were squeezed by higher costs and weaker consumer spending. Earnings at the dairy company more than halved year-on-year....
...Consumer staples generally were strongest, dipping only 0.4 per cent, led by Dean Foods, the dairy and meat purveyor, rising 4 per cent to $10.20. Telecoms shares were also only 0.5 per cent lower....
International Edition