U.S. companies are holding on to more cash than in any time during the past 40 years, according...

|By:, SA News Editor

U.S. companies are holding on to more cash than in any time during the past 40 years, according to a study by the WSJ. In Q2, the 500 largest nonfinancial companies held 9.8% of their assets ($994B) in cash and short-term investments, up from 7.9% ($846B) a year earlier. The trend is painful in the short term, but could fuel a recovery when companies start reinvesting.