by CI Staff
According to Dealogic, as of June 4, 2010, 310 companies had announced plans to buy back as much as $173.3 billion worth of stocks in 2010. This compares to 253 companies planning $20.3 billion in buybacks at the same point in 2009.
During the first quarter of 2010, non-financial firms in the U.S. held $14.22 trillion in financial assets, according to the Federal Reserve. Cash and equivalents accounted for $1.84 trillion of that amount, the highest quarterly amount on record since 1957 and a 6% increase from a year earlier.
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