Shifting Careers: Weak Dollar Has Small Businesses Thinking Globally
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A variety of small businesses in the U.S. are starting to take advantage of the mismatch between a weak dollar and the purchasing power of customers using strong currencies.
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JERUSALEM -- For US firms looking to slash costs by farming out work abroad, eyes may turn first toward bargains like Bangalore or Beijing.
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NEW YORK, Nov. 28 -- The U.S. dollar fell to a 20-month low against the euro Tuesday, the latest development in a year-long currency readjustment that could make some imported goods more expensive, but could also help American workers by boosting exports.
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Currency traders have become convinced over the past two weeks that something big is afoot in the global economy. They are not convinced by the sanguine noises coming from the Federal Reserve and think the risks of a "hard landing" in the US economy have risen. But, in a departure from the old wisdom, they do not seem worried about the effects of a US downturn on European economies - rejecting the old adage that "when the US sneezes the rest of the world catches a cold".
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Retiring baby boomers and the weak U.S. dollar are creating job opportunities in some surprising sectors.
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Businesses are starting to sour on Asia and turning to Latin America and the U.S. for IT services.
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The big money has its sights set on small companies.
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Taking into account the decline of the U.S. dollar, the market for global IT services grew 2.2 percent last year, but even that modest increase is a positive sign, according to analyst firm Gartner.
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The sharp decline of the U.S. dollar since 2000 is affecting a broad swath of the world's population, with its drop on global markets being blamed at least in part for misfortunes as diverse as labor strikes in the Middle East, lost jobs in Europe and the end of an era of globe-trotting rich...
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BILLERICA -- The question elicits a gasp on the other end of the phone. William Donovan, president of Cambridge Tool &amp; Manufacturing, is momentarily speechless when asked why not move his small company overseas, where manufacturing costs are cheaper.
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The dollar was weaker across the board  early in New York on Thursday, forging new lows on a growing  sense that the United States is struggling to fund its record  external deficits.
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Why the physics of small caps lead to greater returns.
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CINCINNATI -- Challenged by a troubled U.S. economy and the steeply falling dollar, a growing number of U.S. manufacturers are making up for slowing domestic sales by expanding them overseas, often with sophisticated products.
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A weaker U.S. dollar is fueling  pent-up demand for overseas travel to the United States,  helping to pad the bottom lines of hotels and tourist  attractions.
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Finding it tough to make a buck, some companies eye the exits.
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How to avoid some of the key mistakes that small investors make.
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Why you need to consider foreign companies that aren't on the major U.S. exchanges.