(WSJ) Investment by U.S. Companies Falls Off a Cliff

Posted by Kendall Harmon

U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery.

Half of the nation's 40 biggest publicly traded corporate spenders have announced plans to curtail capital expenditures this year or next, according to a review by The Wall Street Journal of securities filings and conference calls.

Nationwide, business investment in equipment and software—a measure of economic vitality in the corporate sector—stalled in the third quarter for the first time since early 2009. Corporate investment in new buildings has declined.

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Filed under: * Culture-WatchGlobalization* Economics, PoliticsEconomyCorporations/Corporate LifeTaxesThe U.S. GovernmentThe National DeficitPolitics in GeneralHouse of RepresentativesOffice of the PresidentPresident Barack ObamaSenateUS Presidential Election 2012

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Posted November 19, 2012 at 6:30 am [Printer Friendly] [Print w/ comments]
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