Companies have increased cash holdings since crisis

11/2/2009 | Wall Street Journal, The

The 500 biggest nonfinancial companies in the U.S. were holding about 9.8% of their assets in cash in the second quarter, up from 7.9% the year before. Companies are holding onto more cash than at any other period in the past 40 years. "Everyone is hoarding cash," said Carsten Stendevad, head of Citigroup's financial-strategy group.

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Wall Street Journal, The