http://www.wsj.com/articles/strong-dollar-hangs-over-more-companies-rattling-investors-1422386620
The stronger dollar is slicing sales and profits at big American
companies, prompting them to put renewed emphasis on cost cutting and
cramping the broader U.S. economy.
The currency effects are hitting a wide swath of corporate America—from consumer products giant
Procter & Gamble
Co.
to technology stalwart
Microsoft
Corp.
to pharmaceuticals company
Pfizer
Inc.
Those companies and others have expanded aggressively overseas in
search of growth and now are finding that those sales are shrinking in
value or not keeping up with dollar-based costs.
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