Strong Dollar Hangs Over Companies, Rattling Investors

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The stronger dollar is suppressing sales and profits at America’s big companies, prompting them to put renewed emphasis on cost cutting and adding pressure on the broader U.S. economy.

Cliffs Natural Resources To Restructure Mine

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Cliffs Natural Resources Inc. will restructure its Canadian Bloom Lake iron-ore mine, saying the business has stopped generating revenue and can longer meet its obligations.

China Aims to Prop Up Its Chip Makers

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As China tries to forestall foreign governments from tapping its phones, the country is investing growing amounts of money into domestic chip makers and tasking them with developing processors for “safe phones.”

DuPont Warns of Currency Headwinds

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DuPont gave a disappointing outlook for 2015, warning its profit would take a significant hit from the strengthening dollar, though the company said it would reach its goal to cut $1 billion in costs well ahead schedule.

P&G's Revenue Falls on Stronger Dollar

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Procter & Gamble warned that its efforts to slim down and speed sales growth by shedding brands are being overshadowed by “unprecedented currency devaluations.”

Cancer Drugs Boost Bristol-Myers Sales

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Bristol-Myers reported stronger-than-expected fourth-quarter revenue, boosted by strong sales of its key cancer drugs.

Lockheed Martin Expects Return to Growth in 2016

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Lockheed Martin said it expects to return to growth in 2016, even if lawmakers don’t reverse the budget cuts that would trim Pentagon spending over the next two years.

FTC Clears Safeway-Albertsons Merger

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The U.S. Federal Trade Commission cleared the merger of supermarket operators Safeway Inc. and Albertsons after the companies agreed to sell 168 stores to address the commission’s competition concerns.

Caterpillar Loses Traction Again

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Caterpillar gave a disappointing outlook for 2015, citing plummeting commodity prices, as the heavy-machinery maker also reported earnings for the fourth quarter that missed expectations.

A New Set of Eyes on P&G's Beauty Business

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David Taylor, who has emerged as the top contender for the CEO job at Procter & Gamble, made his mark in part by overseeing big divestitures. Now he is tasked with fixing the beauty division.

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