America's Zombie Companies Rack Up $2 Trillion of Debt
America’s Zombie Companies Rack Up $2 Trillion of Debt Bloomberg 12/16/2020 (Bloomberg) -- They were once America’s corporate titans. Beloved household names. Case studies in success. But now, they’re increasingly looking like something else -- zombies. And their numbers are swelling. From Boeing Co., Carnival Corp. and Delta Air Lines Inc. to Exxon Mobil Corp. and Macy’s Inc., many of the nation’s most iconic companies aren’t earning enough to cover their interest expenses (a key criterion, as most market experts define it, for zombie status). More than 200 corporations have jo...
Source: msn.com