snip.....

Interest Coming Due

With interest payments creeping up on many of these companies and banks pulling in the purse strings, ``the high- yield bond market is definitely closed,'' said Goossens. That means the most hard-pressed companies can't expect new bond sales to provide the cash they need until their revenue increases.

Chicago-based Fruit of the Loom, one of the best-known in the industry with brand names including BVD and Gitano, ``is on a very short string,' said Deborah Downie, a first vice president of Miller Tabak Roberts, a New York securities firm. ``Bankruptcy is a real possibility.

http://www.bloomberg.com/bbn/ratetop.html?s=1d417c90c821c9ea717d71a75be26f5f

-- kevin (innxxs@yahoo.com), October 26, 1999

Answers

Watch for many corporations to start laying off people. Especially in some of the power utilities where deregulation has taken effect.

-- ~~~~~ (~~~@~~~.com), October 26, 1999.

Ouch!! talk about tight shorts!

-- wedgie (jockey@smartypants.~com), October 26, 1999.

Yup, it's time for Inspector Number 12 to turn in her time card...

-- Randolph (dinosaur@williams-net.com), October 26, 1999.