Corporations awash in cash

Mar 19, 2013 by

The swelling cash reserves of Apple and a handful of other technology companies have raised the overall liquidity of corporate America to record levels, data revealed on Monday.

Around $6 out of every $10 added to the corporate sector’s cash mountain over the past three years has come from tech companies, Moody’s Investor Service, the US rating agency, said. The overall pile reached a record $1.45tn at the end of last year, up 10 per cent from the year before.

via Tech groups swell US cash pile –

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