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At Harley and beyond, strong dollar offers competition discount edge
2015-04-22 00:58:06| Automakers - Topix.net
When iconic motorcycle maker Harley-Davidson Inc warned on Tuesday that discounting from foreign rivals would dent its profits, the message resonated beyond the motorcycle business. From cars to construction equipment, the impact of the strong dollar is a big problem for U.S. companies selling overseas.
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Strong dollar weakens DuPont numbers
2015-04-21 15:24:00| Chemicals - Topix.net
Dow component DuPont topped first-quarter earnings forecasts but its sales fell 9%, dragged down by adverse currency impacts from a strong dollar. DuPont, which makes and sells seeds, chemicals and food ingredients around the globe, reported earnings per share of $1.34, which topped estimates by 3 cents.
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Hasbro excels in a hard time for toymakers, Transformers help overcome forces of strong dollar
2015-04-20 14:43:57| Toys - Topix.net
The toymaker, weighed down by the strong U.S. currency and battling a shift toward video games and other non-traditional toys, topped Wall Street expectations and shares jumped almost 8 percent before the opening bell Monday. Hasbro reported a 17 percent drop in profit to $26.7 million, or 21 cents per share, compared with $32.1 million, or 24 cents a share, a year earlier.
Strong dollar hit to GE, Honeywell may bode poorly for other industrials
2015-04-18 20:39:36| Industrial Machines - Topix.net
General Electric Co and Honeywell International Inc said on Friday they will take steps to cushion the impact of a stronger dollar, which hurt first-quarter results at both companies. Indeed, the impact of currency shifts on U.S. companies will be highlighted further next week with quarterly reports from United Technologies Corp , which already slashed its 2015 financial forecast in January over currency worries, as well as from 3M Co and Illinois Tool Works Inc .
Cheap oil, strong dollar pose challenges for CSX, NS
2015-04-16 18:27:20| Railroads - Topix.net
NEW YORK - Low oil prices and the strong U.S. dollar made for a somewhat painful first quarter for major U.S. railroads CSX Corp and Norfolk Southern Corp., and may continue to weigh on their profits. Both companies derive about a fifth of their revenue from hauling coal, which faces competition from lower-priced petroleum products.
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