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Best of the Blogs: Hoard No More? Big Corporations Ready to Become Big Spenders


Minyanville's daily roundup of some of the best financial commentary from around the Web.

This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.
Wall Street Journal: Real Time Economics
Link: Companies Aim to Start Spending Trillions They're Hoarding
"Corporations around the globe are finally planning to spend some of the nearly $8 trillion in emergency cash they've amassed. According to the latest American Express (AXP) /CFO Research Global Business & Spending Monitor, released today, 45% of the world's chief financial officers and other executives say they're likely to switch from hoarding cash to spending their reserves in the course of 2012."

Venture Beat
"Still reeling from a disastrous fourth quarter, Groupon (GRPN) beat Wall Street's expectations and reported $559.3 million in revenue and $39.6 million in operating income for the first quarter of 2012. Monday's earnings report is Groupon's second since opening on the NASDAQ (^IXIC) in November. The company, which now has 36.9 million active customers, reported earnings Monday after market close and said that revenue increased 89 percent year-over-year." (For related content, see Offering Groupon Deals Can Lower Your Yelp Rating.)
New York Times: Bits
"AirPlay, a software tool included with Apple's (AAPL) iPads and iPhones, is widely viewed as being potentially disruptive to the cable industry, because it makes it easy for people to view a broad variety of Internet content on a television. Time Warner Cable's (TWX) leader, however, hasn't heard of it. Glenn A. Britt, the company's chief executive, said in a group interview on Friday that the challenge for digital video was that there was no simple way to get Internet-based video onto the television screen. He wasn't familiar with AirPlay." (Also read What to Look for as Media Earnings Kick Into High Gear This Week.)
All Things D
"Aiming to bolster its position in low-end devices, Nokia (NOK) on Tuesday offered up two new phones for emerging markets. The Nokia 110 and 112 are both dual-SIM, 1.8-inch screen phones that offer basic Internet access as well as connections to Facebook and Twitter and a collection of bundled games from Electronic Arts. Compression technology can help cut data use by as much as 90 percent, Nokia said." (Also read Nokia Could Pull Off a Cinderella Comeback.)
In The Money Stocks
"As you all know, trading volume has been extremely light since the March 2009. When the stock market inflates and trades higher it is usually on the back of extremely light volume. On the flip side, when the stock market declines and trade lower the trading volume will certainly pick up and usually be much higher than the upside action. This is very evident by looking at a daily or weekly chart of the SPDR Dow Jones Industrial Average (DIA) ETF."

Twitter: @wont_tweet_ever
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No positions in stocks mentioned.
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