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Kodak Warns It May Go Out of Business: What to Know
Eastman Kodak faces substantial doubt about continuing operations due to debt obligations and liquidity issues, with shares dropping over 13% amid financial uncertainty, company reports.
9 Articles
9 Articles
Canon and Sony could soon run out of one of their biggest competitors. Kodak is in debt for hundreds of millions of euros and could disappear if he doesn’t meet in time.
Kodak Warns It May Not Survive as Debt and Losses Mount
Eastman Kodak is facing a severe financial crisis that could force it out of business, the iconic photography equipment-maker told investors on Aug. 11. In its second-quarter earnings report filed with the Securities and Exchange Commission, the Rochester, New York-based company said there is “substantial doubt” about its ability to continue operating, a warning publicly traded companies are required to make when their finances deteriorate. The …
American centenarian Eastman Kodak is warning investors it may not survive much longer. Half a billion dollars in debt hangs like a millstone around the iconic photo company's neck.
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