After crisis, US companies hoard cash.Byline: AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. WASHINGTON: US companies, still reeling from a deep economic recession, are hoarding more cash than at any time in the past 40 years, The Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time Wall Street Journal reported Monday. The newspaper said in its analysis of corporate filings that in the second quarter, the 500 largest non-financial US firms held about 994 billion dollars in cash and short-term investments, or 9.8 percent of their assets. The figure was up from 846 billion dollars, or 7.9 percent of assets, a year earlier, the report said. The trend appears to have continued in the third quarter, despite an improving economy, The Journal noted. Of those 500 companies, 248 have reported third-quarter results. Their cash increased to 11.1 percent of assets, from 10.1 percent in the second quarter. Companies as diverse as Alcoa Inc., Google Inc., PepsiCo Inc. and Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. Inc. all reported big third-quarter increases in cash holdings, the paper noted. "Everyone is hoarding cash," The Journal quotes Carsten Stendevad, head of Citigroup Inc. s financial-strategy group, as saying. Large cash balances are both a curse for the economy and a potential blessing, the paper said. Hoarding means companies are spending and investing less, damping economic growth. But that leaves them with more cash to deploy as the economy improves, giving them a freer hand to acquire and to restart hiring and capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. . Muscat Muscat, Maskat, or Masqat (all: mŭs`kăt, mŭs`kət), city (1993 pop. 533,774), capital of Oman, SE Arabia, on the Gulf of Oman. It is flanked by rugged mountains. Press and Publishing House SAOC SAOC Studies in Ancient Oriental Civilization SAOC Sunbeam Alpine Owners Club (UK) SAOC Sector Air Operations Center SAOC South African Orchid Council SAOC Submariners Association Of Canada (Gloucester, ON, Canada) 2009 Provided by Syndigate.info an Albawaba.com company |
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