Kodak Boosted Lobbying Effort in Months Leading to Loan

(Bloomberg) — Eastman Kodak Co. significantly increased its spending to lobby the federal government in the months before the Trump administration announced a $765 million loan to the beleaguered camera company.Kodak spent $870,000 lobbying Congress and federal agencies from April through June, according to public disclosures filed with Congress. The Rochester, New York-based company hadn’t spent any money on lobbying since an expense of less than $5,000 in the first quarter of 2019, the reports show.The recent lobbying may have helped secure a letter of interest from the U.S. International Development Finance Corp., announced on July 28, that would give …read more

Source:: Yahoo Finance

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