Eastman Kodak Raises Doubt About Ability to Pay Debt
On Monday, the company reported a second-quarter loss of $26 million, or 36 cents a share, down from a profit of $26 million, or 23 cents a share, the year prior.
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Yahoo
9 minutes ago
- Yahoo
US and China extend trade truce for another 90 days
US President Donald Trump has extended a trade truce with China for another 90 days, delaying once again a dangerous showdown between the world's two biggest economies. Mr Trump posted on his Truth Social platform that he signed the executive order for the extension, and that 'all other elements of the Agreement will remain the same'. Beijing at the same time also announced the extension of the tariff pause, according to the Ministry of Commerce. The previous deadline was set to expire at 12.01am on Tuesday. Had that happened the US could have ratcheted up taxes on Chinese imports from an already high 30%, and Beijing could have responded by raising retaliatory levies on US exports to China. The pause buys time for the two countries to work out some of their differences, perhaps clearing the way for a summit later this year between Mr Trump and Chinese President Xi Jinping, and it has been welcomed by the US companies doing business with China. China said on Tuesday it would extend relief to American companies who were placed on an export control list and an unreliable entities list. After Mr Trump initially announced tariffs in April, China restricted exports of dual-use goods to some American companies, while banning others from trading or investing in China. The Ministry of Commerce said it would stop those restrictions for some companies, while giving others another 90-day extension. Reaching a pact with China remains unfinished business for Mr Trump, who has already upended the global trading system by slapping double-digit taxes – tariffs – on almost every country on earth. The EU, Japan and other trading partners agreed to lopsided trade deals with Mr Trump, accepting once unthinkably US high tariffs (15% on Japanese and EU imports, for instance) to ward off something worse. In June, the US and China reached an agreement to ease tensions. The US said it would pull back export restrictions on computer chip technology and ethane, a feedstock in petrochemical production, and China agreed to make it easier for US firms to get access to rare earths. 'The US has realised it does not have the upper hand,' said Claire Reade, senior counsel at Arnold & Porter and former assistant US trade representative for China affairs. In May, the US and China had averted an economic catastrophe by reducing massive tariffs they'd slapped on each other's products, which had reached as high as 145% against China and 125% against the US. Those triple-digit tariffs threatened to effectively end trade between the US and China and caused a frightening sell-off in financial markets. In a May meeting in Geneva, America's tariffs went back down to a still-high 30% and China's to 10%. Ms Reade does not expect much beyond limited agreements such as the Chinese saying they will buy more American soybeans and promising to do more to stop the flow of chemicals used to make fentanyl and to allow the continued flow of rare-earth magnets. But the tougher issues will likely linger, and 'the trade war will continue grinding ahead for years into the future', said Jeff Moon, a former US diplomat and trade official.
Yahoo
9 minutes ago
- Yahoo
DLP Capital Named to Inc. 5000 List of Fastest Growing Companies for 13th Consecutive Year
ST. AUGUSTINE, Fla. & BETHLEHEM, Pa., August 12, 2025--(BUSINESS WIRE)--DLP Capital, a private real estate investment firm headquartered in Florida and Pennsylvania, announced today that it has been named to the Inc. 5000 list of America's fastest-growing private companies for the 13th year in a row. The Inc. 5000, published once per year by the New York City-headquartered Inc. Magazine, is an annual ranking of the nation's fastest-growing companies as measured by cumulative revenue growth over the past three years. To be eligible for the 2025 Inc. 5000, companies must be "privately held, for profit, based in the U.S., and independent." In addition, contenders must have generated no less than $100,000 in revenue in 2021 and at least $2 million in revenue in 2024 to qualify. "To be on the Inc. 5000 for 13 years is a rare and remarkable feat," says Don Wenner, founder and CEO of DLP Capital. "It's an affirmation of the resounding demand for attainable workforce housing across the country, and a testament to the lasting dedication and trust that our investors, sponsors, residents, and employees have put in us." This year, DLP ranked #3,821 on the Inc. 5000, #344 in Florida, and #86 in the real estate category. "Disciplined thought, disciplined people, and disciplined action have led us to where we are today," says Wenner. "Looking ahead, we aim to multiply our impact on America's housing crisis by bringing Thriving Communities to life across our expanding portfolio of multifamily, build-to-rent, manufactured, and short-term vacation rental homes." DLP Capital joins an exclusive cohort of companies that have managed to grow despite inflationary headwinds, high interest rates, and mounting economic uncertainty. This year, the top 500 companies on the Inc. 5000 list achieved a median three-year revenue growth rate of 1,552% and collectively contributed over 48,000 jobs to the American economy during the same period. Inc. magazine will honor this year's awardees at the Inc. 5000 Conference & Gala, which will be held in Phoenix, Arizona from October 22–24, 2025. The Fall issue of Inc. magazine will feature the top 500 companies from the Inc. 5000 list. About DLP Capital: DLP Capital is a St. Augustine, FL and Bethlehem, PA-headquartered private real estate investment firm with over $5.25 billion in assets under management (AUM). Through its four sponsored funds, the firm invests, develops, finances, and operates attainable multifamily and single-family rental housing communities for America's working families. Founded in 2006 by Don Wenner in Pennsylvania's Lehigh Valley, DLP Capital is a thirteen-time Inc. 5000 honoree, most recently in 2025. View source version on Contacts Shannon Danford, Marketing Director(407) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
12 minutes ago
- Bloomberg
Gildan Close to Buying Hanesbrands at $5 Billion Value, FT Says
Canada's Gildan Activewear Inc. is in advanced talks to buy US underwear maker Hanesbrands Inc., the FT reported, citing people familiar with the matter. The transaction could value Hanesbrands at nearly $5 billion including debt and it may be agreed by the end of the week, the people told the FT, adding negotiations are not finalized and may still collapse. The transaction could be Gildan's largest deal so far, according to data compiled by Bloomberg.
