Washington — The coronavirus recession is generating winners and losers in corporate America, with cash-rich behemoths set to get bigger while debt-heavy companies and the economy lag.

Slammed by the now-ending economic and social lockdown, a growing number of enterprises are filing for bankruptcy or closing up shop because they can’t pay the bills. Others are downsizing even as they pile up more IOUs, adding to already record US corporate debt...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now