The biggest companies in the United States are about to report an overall negative earnings quarter for the first time since the Great Recession of 2009. In the wrenching wake of the pandemic, boards had better conserve cash against a sharp recession and corporate losses, financial experts say. That puts dividends in the cross hairs….
With the first quarter in the books, big companies are preparing to disclose to investors early indications of the economic toll of the coronavirus pandemic. The respiratory illness has shut down many parts of the U.S. economy, spurring a wave of layoffs and furloughs that resulted in a record 17 million unemployment claims in a…
50 S&P 500 Companies Signal Credit Facility Usage Amid COVID-19Pandemic As a hedge against the brutal impact of the COVID-19 pandemic on earnings and cash flow, 50 S&P 500 companies disclosed that they have or plan to soon draw down on credit facility arrangements as short-term bridge loans to get them through the next 12…