Grainger Cuts Estimates

W.W. Grainger Inc., Chicago, cut its 2003 sales growth estimates and said it expects full-year earnings at the low end of its previous range, citing the “lackluster” economy and weakening second-quarter sales. President and Chief Operating Officer Wesley M. Clark, addressing analysts at the William Blair & Co. Growth Stock Conference in Chicago, said the company now expected sales to be up by 1 percent to 3 percent. It previously forecast growth of 4 percent to 6 percent. In his speech

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