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Apple sitting on US$250 billion cash pile

Big part of reason behind rich corporate cache is taxes - or untaxed overseas profits

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With the US$250 billion sitting in its bank account, Apple could comfortably go out and buy Chevron, the second-largest US oil company, at today's market price without borrowing a penny.

San Francisco

SO MUCH cash is raining on some US-based corporations that they are at a loss on what to do with all the money.

With the US$250 billion sitting in its bank account, Apple could comfortably go out and buy Chevron, the second-largest US oil company, at today's market

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