"Google is sitting on $37 billion in cash, but nonetheless decided to sell $3 billion worth of bonds. Why? To take advantage of low interest rates."Check out the story in Greg Mankiw's blog.
"Google is sitting on $37 billion in cash, but nonetheless decided to sell $3 billion worth of bonds. Why? To take advantage of low interest rates.""It’s not a pipeline problem. It’s about loneliness, competition and deeply rooted barriers." Read more in the NYT .