to read the article published October 6, 2014, click on
link to www.bloomberg.com
The reluctance to raise capital investment has left companies with the oldest plants and equipment in almost 60 years. The average age of fixed assets reached 22 years in 2013, the highest level since 1956, according to annual data compiled by the Commerce Department.
Stock repurchases worth almost $2 trillion have helped buoy the bull market since March 2009.