Big Companies Amassing Record Cash Reserves as the Economy Picks Up

fedex

Fed-Ex reported higher profits in its most recent quarter.

Some experts say the strength of the largest firms will be key as the recovery strengthens. Others worry that the giants’ clout has grown at workers’ expense.  The brutal recession has left many American families, small businesses and state and local governments in financial ruin or teetering on the brink.

But it’s a much different story for the nation’s biggest companies. Many have emerged from the economy’s harrowing downturn loaded with cash, thanks to deep cost-cutting that helped drive unemployment into double digits.

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