Wall Street Journal (January 2)
2011/ 01/ 04 by jd in Global News
Major U.S. companies are poised to increase spending during 2011. At the 419 nonfinancial companies in the S&P 500, cash increased by nearly 50% over pre-recession levels three years prior. Performance has also improved. “Total U.S. corporate profits in 2010’s third quarter rose 26% from a year earlier to $1.64 trillion, the highest in four years.” As a result, major companies are planning to increase spending on plants, technology, R&D and hiring. Corning, Cummins, GE, Honeywell and 3M were among the many examples cited by the Journal.
Tags: 2011 outlook, Cash, Corporate spending, Profits, U.S.
