Archive for October, 2011
Greece Bankruptcy Assured?
Speculation over the possibility of a Greek bailout has raged for the entirety of the summer. Many market commentators have stated that the Mediterranean country would be forced to default, as its debt levels had far succeeded the country’s ability to pay. Some critics alleged that embracing the painful austerity measures designed to get Greece’s [...]
Paul Quintaro | Oct 03, 2011 | Comments 0
Bankruptcy or Buyout for Eastman Kodak?
On Friday, trading in shares of Eastman Kodak (NYSE: EK) was halted. The stock plunged over 50% late Friday afternoon (falling below $1 per share) after speculation rose that the company would be forced to declare bankruptcy. After the market closed, the company denied the bankruptcy rumor, stating that it had no intention to file. [...]
Paul Quintaro | Oct 03, 2011 | Comments 0
