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Article: U.S. firms sitting atop piles of cash Unlike most Americans, corporations have learned to save
- Article from:
- International Herald Tribune
- Article date:
- March 5, 2008
- Author:
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Diana B. Henriques The New York Times Media Group
International Herald Tribune
03-05-2008
U.S. firms sitting atop piles of cash Unlike most Americans, corporations have learned to save
Byline: Diana B. Henriques The New York Times Media Group
Edition: 1
Section: FINANCE/BUSINESS
At least someone knows how to fill a piggy bank.
Unlike most American consumers, whose failure to save has exasperated economists for years, the typical American corporation has increased its savings so sharply that it probably has enough cash on hand to pay off its debts in full.
That should be good news in an economy - the world's largest - unsettled by rising energy prices, tightening credit, gyrating stock prices ...