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Whirlpool hit a 17-month low Wednesday after the company cut its 2004 earnings outlook Wednesday and said it would raise prices of its appliances as the company struggles to combat spiraling costs of raw materials like steel and oil.

Whirlpool said it plans to raise prices for its goods by 5 percent to 10 percent in most key markets around the world, including the U.S., and to take measures to boost productivity.

The stock dropped $3.75, or 6.3 percent, to $55.56, the lowest price seen since May 2003

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