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.
Iconic American companies like photography pioneer Eastman Kodak sometimes fail as a result of the innovator's dilemma. Luckily for investors, there are other great American companies that are increasing profits and enjoying massive growth, both in the U.S. and abroad. I encourage you to read The Motley Fool's special free report from our Stock Advisor newsletter titled: "3 American Companies Set to Dominate the World." The report details three winning companies set to dominate emerging markets. This free report is only available for a limited time; click here now for your free copy of the report.
At the time this article 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.