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Kodak soars 83% after special committee it hired finds no violations of law related to government loan announcement

6 days ago   |   By

Plus49/Construction Photography/Avalon/Getty Images
Kodak soared on Wednesday after a special committee it hired found that it did not violate any laws related to its announcement that it received a $765 million loan from the US government. The report found that Kodak executives did not violate insider trading laws because throughout the loan process, Kodak general counsel told executives that the government loan application process was "at a highly uncertain stage." In a statement, Kodak said it would take actions recommended in the report to strengthen its practices, policies, and...
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Kodak admits to poor handling of CEO stock grants prior to announcing its $765 million government loan

6 days ago   |   By

Reuters / Steve Marcus
Kodak admitted to poor handling of a stocks grant process for its chief executive prior to disclosing a surprise $765 million government loan. The camera company released a legal review that showed Kodak was not thoroughly briefed by legal counsel on the stock options process to its CEO and chairman, Jim Continenza, before the loan disclosure. Kodak's lawyers maintained the company did not violate securities regulations, but allegations of wrongdoing are under investigation by the same agency that awarded the loan. The company agreed to execute the committee's...
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Interesting Facts About Dubai Miracle Garden

Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...

Interesting Facts About Dubai Miracle Garden

Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...

Experience the magical ambience of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

'The time is now,' says EY CEO Carmine Di Sibio, as the Big Four corporate...

'The time is now,' says EY CEO Carmine Di Sibio, as the Big Four corporate accounting firms get serious about ethical governance and endorse official ESG reporting standards

Carmine Di Sibio, CEO of EY Michael Kovac/Getty Images Leaders of Deloitte, PwC, EY, and KPMG announced Tuesday a new reporting framework for environmental, social, and... Read more ...

I tried the $3,000 digital weights machine that's like a Peloton for...

I tried the $3,000 digital weights machine that's like a Peloton for strength training and found how at-home fitness systems are the future - at least for those that can afford it

Business Insider Tonal allows users to say goodbye to gym anxiety and hello to strength training workouts in the privacy of their homes. It also costs $3,000. Megan... Read more ...

South Africa set to open borders to international tourists in October

South Africa set to open borders to international tourists in October

South Africa has finally decided to reopen its borders to international tourists in October for the first time since its closure back in March. The President of South Africa... Read more ...

Tourists indulge in unlawful acts as Goa reopens its borders

Tourists indulge in unlawful acts as Goa reopens its borders

In just two and half months after Goa reopened its borders for visitors amidst the COVID-19 pandemic for renewing its diminishing tourism industry, the State witnessed visitors... Read more ...

Need a Weekend Away? Hit the Rails to These 5 Virginia Destinations

Need a Weekend Away? Hit the Rails to These 5 Virginia Destinations

**This post is written in partnership with Amtrak Virginia and Virginia Department of Rail & Public Transportation.** One of the most fun and exciting parts about exploring... Read more ...

Nikola's Founder Is Out

Nikola's Founder Is Out

Trevor Milton, the founder of electric truck start-up Nikola, has stepped down from his roles as executive chairman and board member at the company, Nikola announced this... Read more ...

The 2021 Kia Sorento Took Good Notes From The Telluride

The 2021 Kia Sorento Took Good Notes From The Telluride

The 2021 Kia Sorento, a large-medium sized SUV, bowed today and a lot of the look is clearly cribbed from the successful full-sized Kia Telluride. It totally works, too. I'd... Read more ...

Back to school, back to work: some updates!

Back to school, back to work: some updates!

It's now back-to-school period here in Europe and after their summer vacations, our team is also rejuvenated and back hard at work! Discover HomeExchange Psst! In case you... Read more ...

Please Enjoy This Diesel, Manual, 4WD Toyota Corolla

Please Enjoy This Diesel, Manual, 4WD Toyota Corolla

Are you looking for a truck that's not a truck? A VW that's not a VW? Here is a recently-imported Toyota Sprinter, reading “FULL-TIME 4WD” on the door, with a five-speed on the... Read more ...

Think You Don't Have Room for a Printer? Think Again: The Best Compact...

Think You Don't Have Room for a Printer? Think Again: The Best Compact Printers Are Here

Top Product: Brother HL-L2350DW Read more ...