Apple Inc, Alcoa Inc And Caterpillar Inc: 3 US Companies Hurt Most By China's Devalued Yuan

A prolonged period of dollar strength might sound good when it comes to U.S. consumer purchasing power, but it isn't exactly great news for American corporate bottom lines. The Chinese government's recent devaluation of the yuan has negative consequences for U.S. companies with significant operations in China because the move could weigh on earnings growth.