Pursuits
Blue Chip America Mints Money to Spend on Growth
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The $1.24 trillion in cash sitting in U.S. companies’ coffers may soon be going back to work to stimulate the economy.
Standard & Poor’s 500 Index members are starting to open the purse strings on spending. In addition to raising dividends and doling out billions for stock buybacks, Corporate America’s mint is building Wynn Resorts Ltd. nightclubs, developing Caterpillar Inc. mining trucks, creating new Quaker oatmeal and funding Walt Disney Co.’s acquisitions.