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Eastman Kodak’s US $ 765 million loan agreement has been postponed following recent allegations

From Kanishka Singh (Reuters) – Eastman Kodak Co’s $ 765 million (£ 587 million) loan agreement with the US government for the manufacture of pharmaceutical ingredients has been suspended due to “recent allegations of misconduct,” said the US International Development Finance Corp (DFC ). Earlier this week, senior Democratic lawmakers asked federal regulators to investigate the company’s and its executives’ …

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Trump beats student loan executive action

The president later told reporters on Thursday that he “likely” would sign the executive orders on Friday or possibly Saturday morning. “They’re being pulled now,” Trump said, linking the threat of executive action to ongoing talks in Congress about coronavirus relief. “We’ll see what happens. It is possible that we will make a deal, but it is also possible that …

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The Pac-12 loan program gives schools the option to pay later

While planning a loan program of up to $ 1 billion for sports departments struggling with cash during the coronavirus pandemic, the Pac-12 built the exit for its college football season. It remains to be seen whether the conference will use it (or even cancel the season). However, the mere fact that it is designed and possible is threatening. The …

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According to Trump, the US should investigate Kodak’s government loan

“We will do a small study about it. We will find out. If there is a problem, we will let you know very quickly,” he told reporters during a briefing. “We’ll see what it’s about.” The SEC investigation is at an early stage and should not raise allegations of wrongdoing by Kodak or individuals, the WSJ said, citing individuals familiar …

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The Florida man, David T. Hines, was arrested and accused of using Covid-19 PPP loan to buy a Lamborghini

According to prosecutors, Hines illegally used hundreds of thousands of dollars in PPP credits to help his moving companies buy the car, as well as a number of personal expenses, including shopping and high-end hotel stays, rather than covering the costs of his business. Payroll. The Justice Department announced on Monday that he had been arrested and accused of providing …

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How to get incredibly affordable student loan refinancing rates

Refinancing private student loans can save you money and optimize loan repayment. (iStock) Managing student loan debt can be a financial juggling act, especially if you have private student loans with high interest rates. Refinancing your student debt can save you money on interest expenses, lower your monthly payments, and possibly repay your loans faster. When you are considering refinancing …

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China is offering a $ 1 billion loan to Latin America and the Caribbean to access its Covid-19 vaccine

“China’s foreign minister said the vaccine developed in his country will be a public benefit of universal access and that his country will grant a $ 1 billion loan to support access [to the vaccine] for the nations of the region, “the statement said. During a daily briefing on Thursday, Mexican President Andrés Manuel López Obrador thanked China after the …

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Banks are proposing a student loan style program to prevent job losses

Image rights NurPhoto British banks fear that up to 800,000 companies may go bankrupt next year if they fail to delay repayments on government-backed loans. The credit industry is proposing a student loan that can convert coronavirus loans into a tax liability that is repayable over a decade. As with student loans, the money would only be repayable if and …

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