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Kodak’s stock price plummeted early Monday after the Trump administration slammed the brakes on a loan deal to help the company launch a pharmaceuticals business. Shares in the former photography giant tumbled 38.2 percent to $9.20 by 7:50 a.m. after the US International Development Finance Corporation put the $765 million loan on ice amid probes …
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The Securities and Exchange Commission is probing Kodak’s handling of material information about the startup pharmaceutical business it’s launching with the help of Uncle Sam. According to the Wall Street Journal, the regulator is examining whether Kodak jumped the gun on a July 28 announcement that it had received a $765 million federal loan to …
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Federal officials say a convicted felon with mob ties and his wife fraudulently raised more than half a billion dollars from investors for their company, which loaned cash to small businesses at interest rates as high as 400 percent. Convicted felon Joseph LaForte, who goes by the name Joe Mack, and his wife Lisa McElhone …
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The Feds on Thursday clamped down on trading in shares of an obscure, China-based company called Zoom Technologies, concerned that investors have been confusing it with the teleconferencing giant whose stock has surged amid the coronavirus crisis. The Securities and Exchange Commission said it suspended trading on the Chinese firm until April 9 because of …
Kodak’s stock price plummeted early Monday after the Trump administration slammed the brakes on a loan deal to help the company launch a pharmaceuticals business. Shares in the former photography giant tumbled 38.2 percent to $9.20 by 7:50 a.m. after the US International Development Finance Corporation put the $765 million loan on ice amid probes …
