Rumor Report: Kodak Talks Bankruptcy With Citigroup


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:

  • Eastman Kodak (NYS: EK) is reportedly in talks with Citigroup (NYS: C) on a possible bankruptcy financing arrangement.

  • Bank of America (NYS: BAC) could take drastic measures to secure additional capital if the bank's financial situation worsens.

  • Apple (NAS: AAPL) sees a near-riot in China from frustrated customers who had waited all night for a chance to buy the newly released iPhone 4S.

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At the time thisarticle was published Fool contributor Tamara Rutter owns shares of Apple. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of Bank of America, Citigroup, and Apple. Motley Fool newsletter services have recommended buying shares of and creating a bull call spread position in Apple. 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 adisclosure policy.

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Originally published