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.
So there you have it -- the top financial stories of the day. If you're interested in getting all the news and commentary on these stocks, sign up for My Watchlist -- it's free!
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