Kodak’s shares fell by 42.87% to $ 8.50 per share at the opening of trading of US, after which paper trading was temporarily suspended. According to the New York Stock Exchange, the decline in shares slowed to 33%.
Quotes fell after the announcement of the termination of the loan agreement for Kodak for $ 765 million until the completion of the investigation of the Securities and Exchange Commission (SEC). The company had to get this money to create a pharmaceutical production.
In late July, news of a loan from the US International Finance Corporation led to a speculative rise in Kodak shares from $ 2.1 per share to $ 60. The sharp movement in shares began on July 27 – the day before the official announcement of the loan.
According to Reuters, some of the company’s top managers received options the day before the official loan announcement. Democratic senator Elizabeth Warren asked to examine the situation on violations of laws on insider trading, after which the SEC launched an investigation. Kodak said it was conducting an internal investigation.
Shares of BlackBerry jumped sharply on auction on December 1 after the news of a partnership with Amazon Web Service. Together they will develop and sell a service for connected cars – IVY platform. Stock quotes at the beginning of trading on the New York Stock Exchange (NYSE) rose by 35%. The company’s first plans […]
Ryanair has made a multibillion-dollar order for a Boeing 737 Max, reports the Financial Times, citing the head of the carrier Michael O’Leary. This is the first agreement with the plane after the investigation of two plane crashes involving it, which in 2018 claimed more than 300 lives. Vertical Research Partners aerospace analyst Rob Stallard […]
Shares of BlackBerry jumped sharply on auction on December 1 after the news of a partnership with Amazon Web Service. TechCrunch writes that together they will develop and sell a service for connected cars – IVY platform. Stock quotes at the beginning of trading on the New York Stock Exchange (NYSE) rose by 35%. The […]
The American company Airbnb, which is the operator of the rental service of the same name, expects to raise $ 1 billion through an initial public offering (IPO). This is stated in a statement posted on Monday on the website of the Federal Securities and Exchange Commission. The company clarifies that its plans are “preliminary […]
On Monday, November 9, Pfizer CEO Albert Burla sold 62% of his shares in the pharmaceutical company. This was reported by Markers Insider, citing documents from the US Securities and Exchange Commission (SEC). On the same day, Pfizer and BioNTech announced that their experimental COVID-19 vaccine had been successfully tested. Albert Burla sold 132,508 shares […]
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IKEA’s parent company, Ingka Group, bought 4,500 hectares of forest in Georgia to protect the local ecosystem. Therefore, the holding plans to prevent the felling of trees in the US state. “The forest in the Altamaha River basin, where the rare gopher turtle lives, now belongs to the parent company IKEA,” the statement said. Commenting […]Next
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The net loss of the German chemical and pharmaceutical concern Bayer AG in the first half of 2020 amounted to 8.059 billion euros against profit a year earlier, according to the company’s reports. The loss in terms of the share was 8.2 euros versus 1.68 euros in profit a year earlier. Revenues decreased with 0,3% […]Next
Telegram Messenger registered more than 70 million new users against the background of a large-scale failure of the social network Facebook and its services. The founder of the messenger Pavlo Durov announced this in his Telegram-channel. “Telegram’s daily growth rate is an order of magnitude higher than normal, and in one day we have received […]Next
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According to the owner of a startup, the unit will help to put on the feet people, suffering from incurable diseases. Musk founded the startup Neuralink in 2016, the aim is to create a device that provides a direct link between the computer and the human brain. The device, which connects directly to the computer […]Next
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