The Association for Financial Professionals (AFP) has released the results of its Corporate Cash Indicators survey for the first quarter of 2013. Thirty-eight percent of respondents said they increased their balances of cash and short-term investments over the quarter, whereas 28 percent said they reduced their cash and short-term investment balances. This +10 reading (38% minus 28%) is down a bit from the +13 reading of Q1/2012.
Companies argue that federal and most state exchanges havent followed the rules set out in the statute and regulations and therefore cant levy fines.
Proposed rule would let small businesses band together under association health plans.
Prospect of slowdown or halt in Chinese purchases of U.S. government debt gives bond market the jitters.
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