From Exxon to Royal Caribbean Cruises, U.S. companies rush to hoard cash
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NEW YORK (Reuters) - Corporate America is gearing up for leaner times.From Exxon Mobil Corp to Royal Caribbean Cruises Ltd , companies rushed to borrow more money and boost their cash coffers on Tuesday, as the market turmoil fueled by a plunge in oil prices and the global coronavirus outbreak raised the prospect of an economic downturn."It's companies loading up on cash when you can get it. They are effectively building up that war chest," said Jeremy Swan, managing principal at accounting and..