On U.S. companies' overseas earnings.

• Author: Rees, Matthew
• Position: Miscellaneous

"In recent years, U.S. companies have become steadily more exposed to foreign exchange risk as they draw more business from beyond the United States. Standard & Poor's estimates that companies in the benchmark S&P 500 index made almost 50 percent of their sales outside the United States by the end of 2007, up from 30 percent in...