At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:
- Swedish car-maker Saab filed for bankruptcy after the company's former owner, General Motors
(NYSE: GM), voted against plans for financing from a Chinese investor.
- Eastman Kodak
(NYSE: EK)is struggling to secure financing that the company needs in order to avoid potential bankruptcy. A group of hedge funds have reportedly cut the amount they're willing to provide, calling into question whether Kodak will be able to raise enough cash to avoid bankruptcy.
- NATO is accepting bids from leading defense contractors including Lockheed Martin
(NYSE: LMT)and Northrop Grumman (NYSE: NOC)to help expand NATO's cybersecurity abilities. Other potential bidders could include technology companies IBM (NYSE: IBM)and Cisco Systems (NYSE: CSCO), although neither has confirmed the reports.