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February 4, 2004

All Business: Signs suggest firms ready to spend again

  • Old equipment, rising demand and tax incentives could all spur corporate spending.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK -- Now that corporate America's profits have bounced back, will companies finally loosen their purse strings and start spending again?

    For the economy's sake, the answer has to be yes. We need to see a big upswing in capital investments. And there might be reason for it to happen: old equipment needing replacement, rising demand for products and tax incentives could all spur spending.


     
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