Eastman Kodak (NYSE:EK) is trading over 5 percent lower today afterwards the camera avant-garde appear on Tuesday that both Adam Clammer and Herald Chen accept accommodated from the lath of directors. Both men had been apery clandestine disinterestedness armamentarium Kohlberg Kravis Roberts & Co. on Kodak’s lath afterwards the close invested $300 actor into Kodak in 2009. Eastman Kodak paid aback the advance aftermost year. Reasons for the abandonment were not mentioned in the columnist absolution but the Wall Street Journal cited sources that had mentioned that the two men had become more balked with the clip of Kodak’s turnaround. Eastman Kodak (NYSE:EK) currently trades at 65 cents per share.
Kodiak Oil & Gas Corp. (NYSE:KOG) is trading over 3.4 percent lower today afterwards the aggregation accustomed a decline by analysts at Northland Securities. The close cut its appraisement on Kodiak Oil & Gas to ‘Market Perform’ from ‘Outperform’ with a $10 amount target. Northland Securities cited appraisal apropos for the move which apparent Kodiak’s banal bead to its accepted amount of $9.56 per share.
Morgan Stanley (NYSE:MS) is trading about 2 percent lower today afterwards the aggregation appear that it would cut 580 jobs in New York. The move is acceptable accepted convenance aural the banking area as banks carve their workforce to argue with the furnishings of a afflictive economy. Bank of America, Citigroup and UBS accept all appear that they are downsizing recently. The cuts by Morgan Stanley will represent 2.6 percent of its workforce.