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, according to this article. "Everyone is hoarding cash," said Carsten Stendevad, head of Citigroup's financial-strategy group.

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Wall Street Journal, The

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