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CNBC BusinessAug 10, 2020
Stocks making the biggest moves midday: Kodak, MercadoLibre, Simon Property, Foot Locker & more
Kodak shares tank after federal loan is put on halt. Foot Locker jumped on strong same-store sales data.

Yahoo BusinessAug 10, 2020
Kodak Plunges as Government Loan on Hold Pending Probes
(Bloomberg) -- Eastman Kodak Co. shares plunged Monday after a federal agency announced it was suspending a $765 million loan to help the former film company produce Covid-19 drugs, pending the outcome of investigations into potential wrongdoing.The International Development Finance Corporation said in a tweet Friday night that "recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared." Congress and the U.S. Securities and Exchange Commission are investigating the deal, and Kodak's board said Friday it's also opening a review of the loan disclosure.The stock tumbled as much as 43% before being briefly suspended due to excessive volatility. It was down 30% to $10.42 at 9:57 a.m. in New York. Kodak has seen extreme moves in its share price since the development bank loan was officially announced July 28. The SEC is looking into whether the company broke the law by telling some news outlets about the planned loan before informing investors, a person familiar with the matter has said. The regulator is also looking into stock awards granted by Kodak.The Rochester, New York-based company's stock jumped 25% on July 27 when local media reported the deal was in the works and continued soaring after the formal announcement a day later. Kodak shares have surged to as high as $33.20 from $2.10 before news of the loan leaked.The development bank loan was the first of its kind under the Defense Production Act in collaboration with the U.S. Department of Defense

The Motley FoolAug 10, 2020
Why Corning's Shares Jumped 19.7% in July
A coronavirus vaccine could be a boost for Corning in 2020.

CNBC BusinessAug 10, 2020
Simon shares jump on reported talks with Amazon. But converting stores to warehouses may face hurdles
Real estate analysts say a deal between Amazon and Simon Property Group could be positive for the biggest U.S. mall owner in the near term, but there would be hurdles.
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