Corporate Profits Up, But No Investing In Jobs?
5 July 2010
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Interesting article on what companies are doing with their cash. Corporate profits have been up, but it looks like the cash isn’t going into creating new jobs. Instead, companies are looking to buyback shares at a much higher level than last year. So, corporate profits are good for investors, yet not so much for the unemployed. Note: I much prefer dividends versus buybacks!
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