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Dollar's surge spurs currency hedging by U.S. companies | Hellenic Shipping News Worldwide

U.S. companies are ramping up efforts to protect their profits from a relentless rally in the dollar, as the greenback surges to multi-decade highs. The dollar has climbed about 15% against a basket of currencies over the last year, helped by a hawkish Federal Reserve and heightened geopolitical tensions that have boosted the greenback’s safe-haven . ....

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Bob Stark steps down as CEO of Stark Enterprises; Ezra Stark takes the helm

The founder and CEO of Cleveland-based Stark Enterprises is passing the torch to the next generation. His oldest son, Ezra, is replacing him as part of a leadership transition announced Friday, May 6. ....

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