Strong dollar hit to GE, Honeywell may bode poorly for other industrials

April 17, 2015 6:37 PM

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April 17 (Reuters) - General Electric Co and Honeywell International Inc said on Friday they will take steps to cushion the impact of a stronger dollar, which hurt first-quarter results at both companies.

Indeed, the impact of currency shifts on U.S. companies will be highlighted further next week with quarterly reports from United Technologies Corp, which already slashed its 2015 financial forecast in January over currency worries, as well as from 3M Co and Illinois Tool Works Inc.

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