But first, why are companies hoarding cash? Bloomberg reports that companies in the S&P 500 have increased their cash holdings to an aggregate US$1.18 trillion dollars. The big blue chip multinationals have cut spending, frozen new hires (not literally), and generally kept cautious until more details emerge about the economic landscape.
February 12th, 2010 | Dan Denning | 121 comments | ContinuedAll Posts Tagged With: "Stephen Conroy"
Government Takes Away Almost Two Billion Dollars from Telstra’s Market Cap
The move we refer to is the forced breakup of Telstra’s retail and wholesale businesses. It will separate Telstra’s physical network from the services side of its business. The Minister announced legislation to achieve the split yesterday – and he did not make it in the form of a request.
September 16th, 2009 | Dan Denning | 4 comments | Continued