America’s largest companies continue to increase their spending on capital projects, an encouraging signal for investors in an uncertain economic climate.
Companies of Google’s parent company Alphabet Inc.. at General Engines Co. at PepsiCo Inc. are among those that have increased spending on big-ticket items, such as real estate, equipment or technology, to fuel growth. The investments are typically intended to expand the companies’ fast-growing operations or even optimize their inventory amid a tough business environment, executives said.
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