Firms overcome with debt benefit richest of the rich US companies
The upheaval will give cash-rich corporate titans a chance to grab market share and extend dominance as the economy gradually reopens
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...