Corporate cash-hoarding continues
Even as the economy improves, corporate America continues to pile up record amounts of unused cash, Bloomberg reports. Read more at Counterparties
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Legg Mason CFO says will report lease write-offs
(Reuters) - Legg Mason Inc (LM.N) Chief Financial Officer Peter Nachtwey said the company will report lease write-off charges in the current quarter of $45 million to $55 million. Nachtwey spoke on a conference call with investors on Friday.
(Reporting By Ross Kerber; Editing by Gerald E. McCormick)
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