Dollar's Gain Is Companies' Pain as Currency Woes Extend to 2016

Updated on
  • Coca-Cola, DuPont among firms with foreign-exchange damage
  • IBM sees further profit hit after $1 billion reduction in 2015

Last year was painful for U.S. companies with overseas sales as the dollar soared by the most since the 1970s. Less than one month into 2016, many of those same firms are already bemoaning the greenback’s strength and the impact on profits for this year. 

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