Eastman Kodak Co
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The $650 million agreement would also settle the fund's claims of about $2.8 billion against the bankrupt company.
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CNBC's Herb Greenberg & Brian Sullivan take a look at the best and worst CEOs of 2011.
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To decide whether a departure is good or bad, you have to figure out why your manager left, and whether their replacement is any good, USA Today reports.
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Stocks eased off their worst levels, but still finished lower in another thin, volatile session Thursday as investors sifted through a handful of headlines from the euro zone and after the S&P breached a key technical level.
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Futures extended their gains in volatile pre-market trading Thursday after the ECB unexpectedly cut its interest rate and following talks the Greek government might collapse, thus avoiding a referendum on its euro zone membership and easing concerns about an imminent default.
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KNTV's Scott Budman, reports Fitch rating agency says that a Greek debt default is inevitable; Soros Fund is taking a 5.5 percent stake in WebMD; the WSJ says Eastman Kodak is in talks with some big-name hedge funds; and Zynga is planning to price its IPO.
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Stocks ended near session highs Friday following news that a group of euro zone finance ministers have approved the next round of aid for Greece and amid optimism over the euro zone ahead of the EU summit on Sunday.
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Eastman Kodak's shares continued to trade with heavy volatility as the imaging company explores ways to shore up its financials. Its stock has swung wildly after Kodak hired Jones Day for restructuring advice.
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October is known as the jinx month because of crashes in 1929, 1987, Friday the 13th in 1989 and the financial meltdown in 2008. Yet, according to the Stock Trader's Almanac, October is a "bear killer" and turned the tide in 11 post World War II bear markets.
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Stocks kicked off the new month and quarter with a thud Monday, led by financials, as worries over Greece continued to spook investors and overshadowed a pair of better-than-expected economic news. The Dow and S&P closed at their lowest levels in over a year.
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Amid all the chatter of Kodak possibly going into Chapter 11 bankruptcy protection, one thing is clear in the company's home town, Rochester, N.Y.: No one's surprised.
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CNBC's Brian Shactman has the story on speculation mounting that Eastman Kodak may be filing for bankruptcy, while the company pushes back by saying there is no plans for bankruptcy.
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Futures slipped Monday as European shares tanked following news that Greece will miss a budget deficit target for this year that was set only months ago.
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CNBC's Brian Shactman has the story on Eastman Kodak's possibility of filing for bankruptcy.
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Stocks closed out the worst quarter in almost three years amid fears over the global recovery and finished near session lows for the day as investors were reluctant to stay long ahead of the weekend.
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CNBC's Courtney Reagan reports the purchasing managers index rose more than expected but Americans' income fell by a tenth of a percent in August. Also, Eastman Kodak says it is not considering bankruptcy, and the Energy Department has finalized more than $2 billion in loan guarantees.
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Discussing the prospects of a successful turnaround at EK after the company hires lawyers to help it restructure, with Gregory Charleston, Conway MacKenzie.
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CNBC's Bill Griffeth reports on restructuring plans at Eastman Kodak; the dip in U.S. corn futures; and lower crude oil prices.
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CNBC's Jim Cramer says EK is a company that tried many times to reinvent itself but failed because technological changes caused its core business to rot.
