A slew of U.S. multinational companies, from DuPont to Procter & Gamble , showed that a strong U.S. dollar hurt their earnings, and several blue-chip exporters said the situation will get worse if the greenback holds its strength. All told, the resurgent U.S. currency could shave up to $12 billion off U.S. companies' fourth-quarter 2014 revenue alone, according to currency expert Wolfgang Koester, chief executive of FireApps, a data analytics company in Phoenix, Arizona, that examines quarterly reports for currency-related losses. The pain is hitting multiple sectors, including industrial companies such as 3M Co , technology companies like Microsoft Corp and Apple Inc , airlines such as American Airlines Group Inc , healthcare companies, including Bristol-Myers Squibb Co and Pfizer Inc , and consumer firms like Procter & Gamble - which all garner a large portion of their sales from outside the United States.
via Health News Headlines - Yahoo News http://ift.tt/1tlNWei
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