Companies Sit On Cash; Reluctant To Invest, Hire

In a recent report, Moody's said the 1,600-plus U.S.-based companies it rates had $1.2 trillion in cash at the end of 2010 — 11.2 percent more than they did a year earlier. Companies that have a lot of cash can use it to invest and hire. That's what Caterpillar is doing, says spokesman Jim Dugan. - Companies Sit On Cash; Reluctant To Invest, Hire NPR - Rating The Wall Street Ratings Agencies