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Companies Cling to Cash

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 DECEMBER 10, 2010.

 Companies Cling to Cash

Coffers Swell to 51-year high as Cautious Firms Put Off Investing in Growth.


Corporate America’s cash pile has hit its highest level in half a century.

Rather than pouring their money into building plants or hiring workers, nonfinancial companies in the U.S. were sitting on $1.93 trillion in cash and other liquid assets at the end of September, up from $1.8 trillion at the end of June, the Federal Reserve said Thursday. Cash accounted for 7.4% of the companies’ total assets—the largest share since 1959.

Click here for Full Article  WSJ – Companies Cling to Cash – Dec 10 2010