(Bloomberg) — One after another, some of the most embattled names in corporate America are racing to raise easy money while they can.With the coronavirus surging anew across the nation, two prominent companies in the stricken travel industry — American Airlines Group Inc. and Carnival Corp. — outlined plans Tuesday to sell stock. Meantime, in the junk bond market, corporations with weak credit ratings are hurrying to lock in today’s ultra-low interest rates.The rush underscores the angst gripping many companies even as global investors drive financial markets to giddy heights. With reduced odds for a large stimulus package, companies looking …read more
Source:: Yahoo Finance
