U.S. companies continue to hold record amounts of cash, according to a study by Standard & Poor’s Ratings Services, and the high levels show no sign of dropping. Nonfinancial corporations rated by Standard & Poor’s held $1.25 trillion in cash and short-term investments at the end of 2011, up 41% from the level at the end of 2006. Their ratio of cash and short-term investments to total assets increased to more than 8.6% from 7% between 2006 and 2008.
Keeping up with the latest digital innovations has replaced economic conditions and regulatory changes as the biggest concern for global executives this year.
Businesses want Congress to repeal the Cadillac tax, but the price tag may be too steep.
Wage and hour settlements accounted for $1.2B of the total.
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