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No rebound yet, but some U.S. companies see European bottom
The corner is far from turned in Europe, but for some U.S. companies there is a sense that they have reached - or can at least see - a bottom after years of weakness, a welcome change that could help boost profits in 2013. The euro hit a fresh 14-month high on Friday after new data on European factory activity suggested the region was on track to start growing again this year, underlining the opportunity for well-placed U.S. businesses. "The solid growth in Europe is encouraging in light of the economic headwinds that continued in the region," Kevin Farr, the chief financial officer of toymaker Mattel (MAT.O), ... (full story)
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