Pricing power eludes U.S. firms, weighs on profits

Newswire

By Eric Burroughs NEW YORK, Aug 29 (Reuters) - After two rough years, business is finally turning around at Yellow Corp. But like many U.S. companies struggling to boost profits in a halting U.S. economic recovery, the trucking carrier is still finding it all but impossible to push up prices. For vast swaths of U.S. business -- retailers, airlines, auto makers, software firms and telecommunications companies -- prices have been on a relentless slide due to a hangover of capacity from ...

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