Venezuela's Currency Woes An Increasing Threat To US Corporate Profits

(Reuters) - Venezuela's deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt U.S. corporate profits for the fourth quarter of 2014 and are set to inflict further pain this year. In a likely sign of things to come from a number of companies this results reporting season, Ford Motor Co. on Friday said it was taking a pre-tax charge of $800 million for its Venezuela business.