Source:
Reuters(Reuters) - Dealmaking is back on the agenda as CEOs step up the hunt for ways to put a multitrillion-dollar cash pile to work, triggering the busiest January for M&A in 11 years.
There is still plenty to worry about at this year's meeting of the global elite in Davos, from fiscal deficits in the developed world to inflationary risks in emerging markets to new political risks like Egypt.
But with economic recovery taking root in the United States and Germany, while China and India continue to barrel along, company bosses and dealmakers are no longer willing to sit pat.
"We're seeing our clients beginning to invest," said Jim Quigley, CEO of Deloitte Touche Tohmatsu. "There is significant capital still on the sidelines, but my M&A team is certainly no longer on the sidelines."
Read more:
http://www.reuters.com/article/2011/01/28/us-davos-ma-idUSTRE70R32I20110128
MORE evidence that the corporations have NO intention what-so-ever to take the 4.5 trillion dollars of cash they're sitting on and create jobs. On the CONTRARY... M+A's produce LAYOFFS as newly joined companies rid themselves of duplicate positions in the quest for efficiency. This is important because what we're being told by the politicians is that TAX CUTS for corporations will create jobs. BUT as you can see they're saying that 2011 will be the biggest year for M+A ever. That means HUGE job losses!
Giving them a tax cut right now is like throwing money down a rathole!