Text size Kodak is making a foray into generic drug ingredients Daniel Acker / Bloomberg Eastman Kodak’s shares are enjoying a renaissance. Shares rose 160% on Wednesday morning, taking advantage of the incredible gain of more than 200% on Tuesday. New capital and new business are the reasons for the …
Read More »Tesla plans a $ 780 million bond deal linked to vehicle leases, its first offer of its kind during the pandemic
Telsa Inc., after reporting a surprising second-quarter profit, plans to raise $ 779.53 million this week in the asset-backed bond market. The Palo Alto, California-based electric vehicle maker is offering eight classes of bonds to investors maturing in 2.7 years or less and most of which have the best AAA …
Read More »Nikola starts working at the Arizona factory
Text size Courtesy of Nikola. Nikola has begun construction of a manufacturing plant in Arizona, an important step in commissioning as it seeks to disrupt the heavy truck market. Trevor Milton, founder of Nikola, pursues that goal with two main products: battery-powered or hydrogen fuel cell trucks, . Both will …
Read More »Microsoft shares pull back from record as sole analyst downgrades after strong quarter
Shares of Microsoft Corp. retreated from record levels on Thursday when an analyst downgraded the shares despite Wall Street’s general agreement that the software giant was well diversified to handle the challenges posed by COVID-19. Microsoft MSFT, -4.12% Shares fell to an intraday low of $ 204.42 and last lost …
Read More »Bill Ackman’s blank check company has just started operating. What you need to know.
Text size William Ackman Bryan Bedder / Getty Images for The New York Times A special-purpose acquisition company, or SPAC, sponsored by Bill Ackman’s Pershing Square Capital Management, made its debut on the New York Stock Exchange on Wednesday in the largest initial public offering of blank checks. The offering …
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