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Tuesday, March 11, 2008

Arcelik Falls to 3-Year Low as Net Plunges, Merrill Cuts Rating

"Arcelik Falls to 3-Year Low as Net Plunges, Merrill Cuts Rating

By Mark Bentley

March 11 (Bloomberg) -- Arcelik AS, Turkey's biggest maker of household appliances, slumped to the lowest in almost three years in Istanbul trading after profit plunged 51 percent last year and Merrill Lynch & Co. downgraded the stock."

More:Bloomberg.com: Europe