(WSJ) For U.S. Companies, Europe Brings Tears

Posted by Kendall Harmon

Europe's economic woes are washing over U.S. multinational companies, contributing to a season of weak corporate earnings.

Domestic sales are growing, as the U.S. housing market and consumer confidence recover. But China's economy has slowed, robbing U.S. companies of their most reliable growth engine of recent years.

Almost uniformly, however, U.S. companies reporting third-quarter results identify Europe as the weakest link in the global economic chain.

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Filed under: * Culture-WatchGlobalization* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifeEuroEuropean Central BankThe Banking System/SectorThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--* International News & CommentaryAmerica/U.S.A.Europe--European Sovereign Debt Crisis of 2010

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Posted October 27, 2012 at 10:45 am [Printer Friendly] [Print w/ comments]
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