41. Investors have been avoiding stocks of multinational companies on concerns that a strong dollar will erode overseas earnings by making American goods more expensive. 42. Japanese officials worry that a higher yen will erode earnings of export-led Japanese companies as the country tries to pull out of a long slowdown. 43. Other major newspaper publishers have also warned that the attacks could further erode earnings. 44. On Wednesday, stocks ended mixed, with blue chips losing ground to technology stocks as investors fretted that a strong U.S. dollar would erode overseas earnings at multinationals. 45. South Korean chip makers have suffered sharp drops in prices that have eroded their earnings. 46. The higher yen, which erodes the earnings of exporting companies, also dampened sentiment. 47. In a commentary, Business Times daily said the deferment made sense because Asian electricity stocks were not performing well as deregulation and competition had eroded their earnings potential. |