Kodak Struggles to Secure Financing

Tamara Rutter, The Motley Fool
Updated

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • Swedish car-maker Saab filed for bankruptcy after the company's former owner, General Motors (NYS: GM) , voted against plans for financing from a Chinese investor.

  • Eastman Kodak (NYS: EK) is struggling to secure financing that the company needs in order to avoid potential bankruptcy. A group of hedge funds have reportedly cut the amount they're willing to provide, calling into question whether Kodak will be able to raise enough cash to avoid bankruptcy.

  • NATO is accepting bids from leading defense contractors including Lockheed Martin (NYS: LMT) and Northrop Grumman (NYS: NOC) to help expand NATO's cybersecurity abilities. Other potential bidders could include technology companies IBM (NYS: IBM) and Cisco Systems (NYS: CSCO) , although neither has confirmed the reports.

So there you have it -- the top financial stories of the day. If you're interested in getting all the news and commentary on these stocks, sign up for My Watchlist -- it's free!

At the time thisarticle was published Fool contributor Tamara Rutter does not own any positions in the stocks mentioned here. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of IBM, Cisco, Lockheed Martin, and Northrop Grumman, and has created a bull call spread position on Cisco. Motley Fool newsletter services have recommended buying shares of Ciscoand General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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