WASHINGTON—U.S. corporations were sitting on $1.24 trillion of cash at the end of 2011. However, recent data indicate firms are finally starting to spend that cash on things that will actually grow the economy.
LAFAYETTE, LA—As construction nears completion, Halliburton has started filling various positions for its new assembly plant here, which is scheduled to open in May. The facility will manufacture components for oilfield service operations
HERMOSILLO, Mexico—Ford Motor Co. will invest an additional $1.3 billion in its stamping and assembly plant here. The investment will create 1,000 new jobs.
CELAYA, Mexico—Honda Motor Co. has started construction of a new assembly plant here. The new facility will have an annual production capacity of 200,000 units, and is expected to employ about 3,200 people.