Tuesday, February 5, 2008

How 'cash' at companies became risky - MarketWatch

There is cash and then there is cash:How 'cash' at companies became risky - MarketWatch: "...as strange as this may sound, Bristol-Myers Squibb was the latest company to do the equivalent of taking a charge against cash when it announced a $275 million impairment of debt investments that held such things as surprise! subprime and home-equity loans.Companies don't really take charges against cash

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