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Merck sees $200M hit to 2013 results on Venezuela

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NEW YORK (AP) — Drugmaker Merck & Co. said Wednesday that the devaluation of Venezuela's currency will reduce its net income by about $200 million this year. Merck will take a charge of 5 cents per share in the first quarter as a result of the devaluation of the bolivar. The devaluation will reduce the company's net income by about 2 cents per share over the rest of the year. The...