Where the rubber meets the road: credit availability in corporate America

Posted by Tim Hope on 10/2/08 11:05 am

The hidden underbelly of the current credit squeeze does not necessarily show up as a flashing number on the TV news.  Rather, the lack of routine credit availability is impacting corporate America in an insidious viral manner.  Some firms are cutting their dividend payments while others are tapping credit lines while they are still available.  Other firms are closing plants, stores and delaying previously negotiated takeover deals in an effort to conserve cash that continue to be difficult to get.  Such actions are yet another indication of the real impacts of the frozen state of the credit markets.  Click here to read more.

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