U.S. profits in jeopardy if Europe slumps -- by Rachel Beck
Big corporate profits fueled by strong international sales could disappear fast if Europe's economy begins to falter, stripping many multinational companies of a huge source of earnings growth. Europe accounts for almost half of U.S. companies' foreign sales, according to Citigroup. That's something you can't ignore when domestic sales are faltering under the weight of higher prices for oil, gas and food.
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