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Business and the Economy

Lexington-based Mattress Maker's Shares Plummet

Shares of Lexington-based Tempur-Pedic International lost almost half their value Wednesday, after the high-end mattress company announced that it expects sales and earnings to decline in the second quarter. The decline is blamed on Tempur-Pedic's rivals all offering new foam-based mattress products and supporting them with advertising.

 

Business and the Economy
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