Edition:
United Kingdom

Jessica DiNapoli

Eastman Kodak top executive got Trump deal windfall on an 'understanding'

03 Aug 2020

NEW YORK/LONDON Eastman Kodak Co on Monday granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described as an "understanding" with its board that had previously neither been listed in his employment contract nor made public.

Exclusive: Eastman Kodak top executive got Trump deal windfall on an 'understanding'

01 Aug 2020

NEW YORK/LONDON Eastman Kodak Co on Monday granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described as an "understanding" with its board that had previously neither been listed in his employment contract nor made public.

Kodak CEO's fortune swells $79 million as stocks rally on U.S. government loan

29 Jul 2020

Eastman Kodak Co CEO Jim Continenza added $79 million to his net worth on Wednesday when his options in the imaging company turned from worthless to lucrative thanks to a U.S. government loan for a pharmaceutical ingredients supply deal that super-charged the value of his shares.

Exclusive: Novavax executives could get big payday even if vaccine fails

22 Jul 2020

One of the leading U.S. firms developing a coronavirus vaccine, Novavax Inc , has awarded executives stock options that could pay out tens of millions of dollars even if its efforts fail.

On eve of bankruptcy, U.S. firms shower execs with bonuses

17 Jul 2020

Nearly a third of more than 40 large companies seeking U.S. bankruptcy protection during the coronavirus pandemic awarded bonuses to executives within a month of filing their cases, according to a Reuters analysis of securities filings and court records. | Video

U.S. to take stake in troubled trucking company YRC Worldwide

01 Jul 2020

By Jessica DiNapoli, Rebecca Spalding and Svea Herbst-Bayliss

Exclusive: Sears exploring sale of home improvement business

01 Jul 2020

NEW YORK Sears is exploring a sale of its home improvement business following interest from potential suitors such as private equity firms, people familiar with the matter said on Wednesday.

UPDATE 1-Remington Arms prepares for bankruptcy; Navajo tribe in talks to buy - source

26 Jun 2020

June 26 Remington Arms Co, America's oldest gun maker, is preparing to file for Chapter 11 bankruptcy protection that could come as early as Sunday night and is in advanced talks for a sale to the Navajo Nation, according to a source familiar with the matter.

GLOBAL MARKETS-Stocks going nowhere as virus fears hold optimism in check

26 Jun 2020

SINGAPORE/NEW YORK, June 26 Asian stock markets ground higher on Friday, and are set to end a choppy week more or less where they began it as surging coronavirus infections cast a shadow over encouraging economic data and checked hopes for a swift global recovery.

GLOBAL MARKETS-Asian stocks set for cautious gains after choppy Wall Street session

26 Jun 2020

NEW YORK, June 25 Asian stocks were set to gain on Friday, as global sentiment remained doggedly upbeat despite increased volatility and rising new coronavirus infections, with Wall Street pushed higher by a loosening in bank regulations.

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