Deals
U.S. Companies Hold Record $1.64 Trillion in Cash
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U.S. companies outside of the finance industry are holding more cash on their balance sheets than ever, with $1.64 trillion at the end of 2013.
That’s up 12 percent from the prior record in 2012, Moody’s Investors Service said in a report today. Technology led the charge, with Apple Inc., Microsoft Corp., Google Inc., and Verizon Communications Inc. topping the list of cash-rich companies.