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U.S. multinationals hit hard by strong dollar, to bleed further into 2015
2015-01-27 21:36:51| Chemicals - Topix.net
A slew of U.S. multinational companies from DuPont to Microsoft Corp showed that a strong U.S. dollar is hammering their earnings, with several blue chip exporters predicting 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, the chief executive of FireApps, a data analytics company in Phoenix, Arizona that examines quarterly reports for currency related losses.
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Category:Chemicals
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