WASHINGTON - Eastman Kodak's US$765 million loan agreement with the US government to produce pharmaceutical ingredients has been put on hold due to"recent allegations of wrongdoing," the US International Development Finance Corp said.
Kodak shares surged more than 1,000 per cent last week after the loan was announced, generating a windfall for executives, some of whom had received options one day earlier.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prime US Reit posts H1 DPU of 3.52 US cents, 5.1% above forecastPRIME US Reit's distribution per unit (DPU) stood at 3.52 US cents for its first half ended June 30, 2020, 5.1 per cent higher than its initial public offering (IPO) forecast of 3.35 cents. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US: Wall Street opens lower on Sino-US tensions, slowing jobs growth[NEW YORK] US stocks opened lower on Friday as data showed a sharp slowdown in US employment growth and as President Donald Trump cranked up friction with Beijing with moves to ban WeChat and TikTok. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tencent-backed Chinese realty company KE Holdings eyes US$2b US IPO[BENGALURU] KE Holdings, a China-based real estate services provider backed by Tencent, said on Friday it will aim to raise up to US$2 billion in its US initial public offering (IPO). Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Oil slips below US$45 per barrel on demand concerns but posts weekly rise[NEW YORK] Oil prices fell nearly 2 per cent on Friday, limiting their weekly gain due to concerns the global recovery could falter from a resurgence of coronavirus cases. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »