So, You’ve Heard Us Companies Are Fabulously Profitable

… and sitting on record piles of cash. It’s true. According to Moody’s Investors Service, non-financial US companies had hoards of cash at the end of 2013 – about $1.64 trillion. That’s about 12 percent more than the previous year’s record-setting $1.46 trillion. Technology, healthcare/ pharmaceutical, consumer product, and energy companies held the most cash. (more…)