E I du Pont de Nemours and Co (DD)
30 Jan 2015
TOKYO, Jan 28 - The dollar stepped back from an 11-year peak against a basket of currencies after soft spending data and disappointing earnings cast doubt on underlying optimism about the U.S. economy, but it found some support against Asian currencies.
NEW YORK - 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. | Video
* Strong dollar may cut up to $12 bln from Q4 U.S. revenue -FireApps
- DuPont forecast lower-than-expected revenue and profit for 2015, joining a growing list of large U.S. corporations that have warned of a stronger dollar hurting earnings.
* Shares fall as much as 3.5 pct (Adds company spokesperson comment)
Jan 9 - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:
Jan 9 - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- Activist investor Nelson Peltz, one of DuPont's largest shareholders, stepped up his fight to break up the industrial conglomerate, as his Trian Fund nominated himself and three other members to the board.
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Earnings vs. Estimates
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