Updates with todayâ??s GDP report in 25th paragraph.

July 30 Bloomberg -- The $1.24 trillion in cash sitting in U.S. companiesâ?? coffers may soon be going back to work to stimulate the economy.

Standard & Poorâ??s 500 Index members are starting to open the purse strings on spending. In addition to raising dividends and doling out billions for stock buybacks, Corporate Americaâ??s mint is building Wynn Resorts Ltd. nightclubs, developing Caterpillar Inc. mining trucks, creating new Quaker oatmeal and funding Walt Disney Co.â??s acquisitions.

â??Thereâ??s a lot of pressure on companies to ramp up the revenue line,â?? said John Carey, 61, a Boston-based money manager at Pioneer Investment Management, which oversees about $230 billion. â??They have pretty much done everything they can on the cost-cutting side so theyâ??ve got to spend more in order to sell more.â??