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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.
DuPont profit rises, but strong dollar cuts into sales
2015-01-27 14:23:59| Chemicals - Topix.net
Changes to DuPont's portfolio and improved productivity boosted fourth-quarter earnings and helped to offset the negative impact of a stronger dollar.
Tags: sales
strong
profit
dollar
Oil steadies above $48 a barrel as Euro rises against US dollar
2015-01-27 01:00:00| Offshore Technology
The price of Brent crude oil steadied above $48 a barrel following the rise of the Euro against the US dollar.
Emerson: Orders decrease on strong dollar, weak Europe
2015-01-26 14:01:19| Electronics - Topix.net
Emerson Electric likely saw its sales decline in December as a strong U.S. dollar and weakness in foreign markets impacted the Ferguson-based company, it revealed in a regulatory filing Monday.
Tags: strong
orders
europe
dollar
Emerson: Orders decrease on strong dollar, weak Europe
2015-01-26 14:01:18| Electronics - Topix.net
Emerson Electric likely saw its sales decline in December as a strong U.S. dollar and weakness in foreign markets impacted the Ferguson-based company, it revealed in a regulatory filing Monday. "The global economies are clearly in a transition period with a significantly lower cost of oil, a stronger U.S. dollar and continued weakness in Europe," Emerson said in its filing.
Tags: strong
orders
europe
dollar
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