BBVA Plans SRT Linked to €4 Billion of Corporate Loans
The bank is considering a SRT deal tied to a portfolio of about €4 billion ($4.7 billion) of corporate loans, said the people, who asked not to be identified because the matter is private.
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CNN
a minute ago
- CNN
133-year old Kodak says it might have to cease operations
Eastman Kodak, the 133-year-old photography company, is warning investors thats it might not survive much longer. In its earnings report Monday, the company warned that it doesn't have 'committed financing or available liquidity' to pay its roughly $500 million in upcoming debt obligations. 'These conditions raise substantial doubt about the company's ability to continue as a going concern,' Kodak said in a filing. Kodak aims to conjure up cash by ceasing payments for its retirement pension plan. It also said that it doesn't expect tariffs to have 'material impacts' on its business because it manufactures its many of its products, includings cameras, inks and film in the United States. 'In the second quarter, Kodak continued to make progress against our long-term plan despite the challenges of an uncertain business environment,' said Kodak CEO Jim Continenza in the earnings release. Shares of Eastman Kodak (KODK) slumped more than 7% in premarket trading Tuesday. The Eastman Kodak Company incorporated in 1892, but the company traces its roots back to 1879, when George Eastman obtained hist first patent for a plate-coating machine. In 1888, Eastman sold the first Kodak camera for $25. At the time, photography was not a mass business because of the technical skills and equipment needed to do it, but the Kodak camera was designed to make photography more widely accessible. Eastman coined the slogan: 'You push the button, we do the rest.' The name was largely meaningless, with the word 'Kodak,' according to the company, being invented by Eastman out thin air: 'The letter 'K' had been a favorite with me — it seems a strong, incisive sort of letter.' Kodak had a century of success producing cameras and film. At one point in the 1970s, it was was responsible for 90% of film and 85% of camera sales in the United States, according to The Economist. Paul Simon's hit song 'Kodachrome' topped the charts in 1973. But that powerful market position would not last because of technology that the company invented: Kodak introduced the first digital camera in 1975. Kodak failed to capitalize on the rise of the digital technology. In 2012, it filed for bankruptcy. At the time of its Chapter 11 filing, it had 100,000 creditors and debts totaling $6.75 billion. In 2020, Kodak had a brief moment of reprieve when the US government tapped it to transform into a pharmaceutical ingredients producer. Kodak's stock price rose so fast it tripped 20 circuit breakers throughout the trading session. Despite its recent losses, Kodak recently said it aims to expand that part of its business. The company continues to manufacture films and chemicals for businesses, including the movie industry, and it licenses its brand for a variety of consumer products. CNN's Clare Duffy contributed to this report.
New York Times
2 minutes ago
- New York Times
Sky Sports announces ‘Multiview' for Premier League, allowing viewers to watch four games at once
Sky Sports will introduce a 'Multiview' format for the new Premier League season, allowing customers to view up to four games simultaneously on Sunday afternoons. The broadcaster will exclusively show a minimum of 215 Premier League games in the 2025-26 campaign, up from 128 last season. This increase is partly because Sky will now show any games that have been displaced to 2pm on Sundays. Up to four matches may be played simultaneously on a Sunday afternoon in match weeks following European competition. Advertisement The Multiview format will move from ground to ground and have dedicated commentary and half-time analysis. There will be three matches shown in a column on the right-hand side and one match in a larger box on the left, with the editorial team controlling which game is in the large box based on match action. It will be available across all Sky TV platforms, NOW, and the Sky Sports app. The programme draws parallels with NFL RedZone, a 'whip-around' show that covers all of the NFL's Sunday afternoon games, allowing fans to see the live action of all the scoring opportunities in every matchup. The 'broad rights' to RedZone were recently acquired by American sports media company ESPN in a deal that saw the NFL gain a 10 per cent stake in ESPN. American streaming service Peacock also broadcasted its own whip-around show during the 2024 Olympic Games in Paris, titled 'Gold Zone.' Later in the season, Sky plan to update the Multiview feature so that users can select which live games they want on their screen. Other changes to Sky's coverage include the addition of a new analysis and reaction programme, 'Super Sunday: Extra Time', fronted by Jamie Carragher, which will run at 7:30pm on Sundays with four or more Premier League matches. Chief Sports Officer for Sky, Jonathan Licht, said: 'This is a landmark season for Sky Sports and the Premier League. For the first time, we'll bring fans over 215 live matches, including every 2pm kick-off on Super Sunday. We're introducing new innovations like Multiview, new programmes like Super Sunday: Extra Time, and a new look schedule for Sky Sports News. 'From the moment the season kicks off, we'll be helping fans stay across all the biggest stories and making sure they never miss a moment of the action.' Sky's Premier League coverage begins on Friday August 15 when Liverpool play Bournemouth at 8pm. Spot the pattern. Connect the terms Find the hidden link between sports terms Play today's puzzle
CNN
2 minutes ago
- CNN
133-year old Kodak says it might have to cease operations
Eastman Kodak, the 133-year-old photography company, is warning investors thats it might not survive much longer. In its earnings report Monday, the company warned that it doesn't have 'committed financing or available liquidity' to pay its roughly $500 million in upcoming debt obligations. 'These conditions raise substantial doubt about the company's ability to continue as a going concern,' Kodak said in a filing. Kodak aims to conjure up cash by ceasing payments for its retirement pension plan. It also said that it doesn't expect tariffs to have 'material impacts' on its business because it manufactures its many of its products, includings cameras, inks and film in the United States. 'In the second quarter, Kodak continued to make progress against our long-term plan despite the challenges of an uncertain business environment,' said Kodak CEO Jim Continenza in the earnings release. Shares of Eastman Kodak (KODK) slumped more than 7% in premarket trading Tuesday. The Eastman Kodak Company incorporated in 1892, but the company traces its roots back to 1879, when George Eastman obtained hist first patent for a plate-coating machine. In 1888, Eastman sold the first Kodak camera for $25. At the time, photography was not a mass business because of the technical skills and equipment needed to do it, but the Kodak camera was designed to make photography more widely accessible. Eastman coined the slogan: 'You push the button, we do the rest.' The name was largely meaningless, with the word 'Kodak,' according to the company, being invented by Eastman out thin air: 'The letter 'K' had been a favorite with me — it seems a strong, incisive sort of letter.' Kodak had a century of success producing cameras and film. At one point in the 1970s, it was was responsible for 90% of film and 85% of camera sales in the United States, according to The Economist. Paul Simon's hit song 'Kodachrome' topped the charts in 1973. But that powerful market position would not last because of technology that the company invented: Kodak introduced the first digital camera in 1975. Kodak failed to capitalize on the rise of the digital technology. In 2012, it filed for bankruptcy. At the time of its Chapter 11 filing, it had 100,000 creditors and debts totaling $6.75 billion. In 2020, Kodak had a brief moment of reprieve when the US government tapped it to transform into a pharmaceutical ingredients producer. Kodak's stock price rose so fast it tripped 20 circuit breakers throughout the trading session. Despite its recent losses, Kodak recently said it aims to expand that part of its business. The company continues to manufacture films and chemicals for businesses, including the movie industry, and it licenses its brand for a variety of consumer products. CNN's Clare Duffy contributed to this report.
