U.S. Puts Kodak Deal On Hold Amid Scrutiny Of Its Finances
The decision to entrust $765 million of taxpayer money to the former maker of photographic equipment raises several questions about the Trump administration's due diligence of Kodak.
The Trump administration's decision to entrust $765 million of taxpayer money to Eastman Kodak raised several questions about the financial vetting of the struggling camera company even before the deal was put on hold amid an investigation into potential insider trading.
President Trump tapped into the emotions and nostalgia of a bygone era, charging that Kodak would lead U.S. efforts to bring pharmaceutical manufacturing back to the United States.
But the camera-maker's
