Sunday 18 July 2010

Corporations Profiting Sitting on Cash and Not Hiring

Nonfinancial companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at the beginning of the recession.

And as several major firms report impressive earnings this week, the money continues to flow into firms coffers. If corporations are sitting on so much money, why arent they hiring more workers?

Source:
http://progressivenation.us/2010/07/15/corporations-profiting-sitting-on-cash-and-not-hiring/

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