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Building materials supplier Masco this morning is parroting the downbeat comments of home builders recently. They're down 13 percent pre-open, on an earnings report that was below expectations.
Building products maker Masco cut its 2007 earnings forecast Friday, citing weaker-than-expected housing starts.
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Masco also announced that President and Chief Operating Officer Alan Barry, 64, would like to step down in early 2008 when he reaches the company's normal retirement age, the statement added.