Top House Democrats announce probe into Kodak’s $765 million government loan

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Democratic lawmakers who chair key House committees on Wednesday said they’re investigating how Eastman Kodak Co. recently received a $765 million government loan to help it make drug ingredients at U.S. factories. Reps. Maxine Waters, Eliot Engel, Jim Clyburn and Carolyn Maloney asked the U.S. International Development Finance Corporation to provide all communications with private sector entities regarding financing under the Defense Production Act loan program. The Securities and Exchange Commission has launched an investigation into the trading in Kodak’s stock before and after the news of the loan broke.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.