logo
Plus   Neg
Share
Email

Eastman Kodak Pulls Back Off Best Levels But Remains Sharply Higher

After gapping open sharply higher, shares of Eastman Kodak (KODK) have pulled back off their best levels of the day but remain firmly positive in afternoon trading on Wednesday. Kodak is currently up by 61 percent after reaching a ten-month intraday high.

The initial jump by Kodak came as the company and WENN Digital have announced the launch of the KODAKOne image rights management platform and KODAKCoin, a photo-centric cryptocurrency.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com Inc. said it plans to open a new corporate office in Manchester in 2019 and create more than 1,000 highly-skilled jobs in the UK. As part of the ramp up of its UK investment, Amazon will increase the capacity of its Scotland Development Centre and Cambridge Development Centre. The company's 1,000 new staffers will work on research and development in the UK. Ford will launch its new "Built Ford Proud" U.S. advertising campaign this weekend as the automaker grapples with slowing sales and plans to restructure its operations in order to cut costs. The ad campaign will highlight Ford's 115-year history of manufacturing cars and comes as the automaker intends to replace 75 percent of its U.S. lineup by 2020. The Procter & Gamble Company (PG) reported first-quarter core earnings per share of $1.12, an increase of three percent versus the prior year, as benefits from a lower tax rate due to implementation of the U.S. Tax Act was partially offset by a reduction in operating margin, driven largely by negative...
Follow RTT