Kodak slapped by NYSE
Eastman Kodak Co. has received a warning regarding it status on the New York Stock Exchange (NYSE). Kodak said Tuesday that it had received a Continued Listing Standards Notice from NYSE officials. A Continued Listing Standards Notice is a standard notification to publicly listed companies that they run the risk of delisting from the NYSE for poor performance. The notice was issued after Kodak’s stock remained below one dollar for 30 consecutive days. The notice advises the company that it must raise its stock price above one dollar within six months or delisting procedures will begin. Kodak’s share hang at only 65 cents per share.
The notice is only the latest in a series of long and painful financial problems facing Kodak. The company is currently attempting to sell an array of intellectual property, including patents, to pay its bills.
Drama over Sabres coverage continue
Time Warner’s battle with the MSG Network continues and it seems that it will cost Sabres fans dearly. The cable giant says that no more negotiations are planned to deal with problems stemming from MSG’s decision to drastically raise prices. MSG asked for a 53% price increase to carry its programming. The dispute leaves Sabres fans without a venue to watch games outside of attendance at the actual event. “It seems like the losers are the fans, of course. I don’t think anyone knows what’s going on with MSG and Time Warner. They’re in a contract dispute, but the people who lose are the fans,” said Peter George, of Matthew’s East End Grill. Until the recent dispute took the games off the air, George had played them for fans at his bar.
Tuesday’s brutally cold temperatures will give way to milder conditions today with daytime highs near 30. Tonight, a chance of snow with a low in the middle 20s.