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Company Cash Hoards Swell by 11%
The 1,000 biggest U.S. corporations also borrowed 7% more in the second quarter of this year than they did in the second quarter of 2010, a study shows.
December 13, 2011
The biggest U.S. publicly traded corporations have been stuffing their already bulging balance sheets with increasing amounts of cash, new research suggests. By the end of the second quarter of 2011, in fact, 1,000 such companies were holding $850 billion in cash, or 11% more than they had on hand at the end of the second quarter of 2010. Read more...
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