Kodak shares slump as US loan is suspended | Malay Mail

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NEW YORK, Aug 11 ― Shares of Kodak plunged yesterday after a US agency suspended a loan intended to support the former photo giant's launch of a new pharmaceutical venture. The US International Development Finance Corporation's (DFC) said Friday it will halt further action following controversy...

Shares of Eastman Kodak dove 28.3 per cent to US$10.67 in afternoon trading. — Reuters pic

The US International Development Finance Corporation's said Friday it will halt further action following controversy that has surrounded its July 28 announcement of a US$765 million loan to Kodak. has reported that the Securities and Exchange Commission is investigating Kodak's disclosures about the loans and is expected to probe the company's awarding of stock option grants to executives on July 27.

 

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