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Kodak Cautions On Business Operations But Remains Confident

The more than 130-year-old Eastman Kodak Co. is cautioning on its business operations, but says it is confident it will be able to work out upcoming debt obligations. “Kodak has debt coming due within 12 months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current terms,” the company wrote in a regulatory filing. “These conditions raise substantial doubt about Kodak’s ability to continue as a going concern.” The Rochester, New York-based company said that it had $155 million of ...

McSales Boost

A focus on value — along with hot products like a “Minecraft”-themed meal — helped McDonald’s turn around its sagging sales in the second quarter. McDonald’s Chairman and CEO Chris Kempczinski said Wednesday that the company’s McValue menu, which was introduced in January, is ...

2nd Quarter Profits At Exxon Mobil, Chevron Dip To Lowest Level In 4 Years

NEW YORK (AP) — Exxon Mobil’s second-quarter profit dropped to the lowest level in four years and sales fell as oil prices slumped as OPEC+ ramped up production. The Texas oil driller still topped Wall Street profit expectations Friday and shares rose slightly before the opening bell, ...

Tips To Help Manage Your Buy Now, Pay Later Loans

NEW YORK (AP) — Between rising prices and dwindling job growth, using “buy now, pay later” on everything from concert tickets to fast food deliveries is becoming increasingly appealing. But greater use could also mean greater trouble, as more people fall behind on repaying these loans. Buy now, pay later loans gained popularity during the pandemic, especially among young people. While these loans can help you make large purchases without paying interest or undergoing a hard inquiry in your credit report, they can also easily be overused. About 4 in 10 Americans under the age of ...

Wall Street, Economists Trust Jobs Data

WASHINGTON (AP) — The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after President Donald Trump on Friday fired the official who oversees it. Trump claimed that June’s employment figures were “RIGGED” to make him and other Republicans “look bad,” yet he provided no evidence. The firing of Erika McEntarfer, the commissioner of the Bureau of Labor Statistics appointed by former President Joe Biden, followed Friday’s jobs report that showed hiring was weak in July and had come to nearly a standstill in May ...

Surprising Growth

WASHINGTON (AP) — The U.S. economy expanded at a surprising 3% annual pace from April through June, bouncing back at least temporarily from a first-quarter drop that reflected disruptions from President Donald Trump’s trade wars. Still, details of the report suggested that U.S. consumers ...