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Kodak raised spending on lobbying government in months before loan awarded – Fox Business

Kodak’s $765 million loan agreement with the U.S. government to produce pharmaceutical ingredients was put on hold on Friday.

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(Reuters) – Eastman Kodak Co increased spending on lobbying the U.S. government in the months before the Trump administration announced a $765 million loan to the photographic equipment maker, public disclosures filed with the Congress show.
The company spent $870,000 as “expense relating to lobbying activities” from April through June, according to the lobbying disclosures.
KODAK CRASHES AS $765M LOAN FOR DRUG INDUSTRY PIVOT PUT ON HOLD
Kodak had previously not spent any money on lobbying si…

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Why US Economic Growth Data Will Not Be Quite The Blockbuster It First Appears – NPR

The U.S. is expected to report record-setting economic growth in the most recent quarter. But that won’t repair all of the damage done during the spectacular downturn…

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A store advertises discounts in Santa Monica, Calif., on July 28 amid the coronavirus pandemic. Economic growth data on Thursday are expected to show a record-setting figure for the third quarter, but that covers the more worrisome picture underneath the surface.
Valerie Macon/AFP via Getty Images
On its surface, economic growth data out this week will look like one for the record books. But dig in, and the picture is not as bright.
The Commerce Department is expected to report on Thursday record-setting…

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Sticker Shock: Why Used-Car Prices Are So High – NPR

The supply of used cars is tight, while demand is high. That can provide a big boost to car owners thinking of selling, but it can make affordable vehicles hard…

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Used vehicles are parked on the sales lot at a CarMax store on Sept. 24 in Colma, Calif. CarMax reported a surge in earnings after used-car prices climbed steadily and surprisingly for months.
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Aaron Springer of Odenton, Md., wasn’t looking to sell his 2014Volkswagen Jetta SportWagen, which he bought used a couple of years ago.
“I love this car,” he says.
But Springer heard the used-car market was hot, so he decided he might as well check. To his astonishment, used-car…

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Stock futures fall on COVID concerns, Europe faces lockdowns – Fox Business

Wednesday’s earnings procession will feature three Dow members: Boeing in the morning, and Amgen and Visa after the closing bell

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U.S. equity futures are pointing to more selling when the Wednesday session begins on Wall Street.
The major futures indexes suggest a decline of 1.7%, or more than 400 Dow points.
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With Tuesday’s decline, the Dow Industrials have fallen in four of the last five sessions.
Markets continue to worry about rising numbers of coronavirus infections and Washington’s inability to deliver more aid to the economy. Europe is expected to take more drastic measures…

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