Hard of Thinking
Companies Rack Up Profits, but Aren’t Ready to Spend Them
May 05, 2017 02:57 AM
The largest U.S. companies are booking their strongest quarterly profits in five years, as firms reap the benefits of years of belt tightening and finally see a pickup in demand. But part of the improvement has come from keeping a lid on spending, and many CEOs remain reluctant to change that.