Kodak chat
Eastman Kodak shares surged as much as 15 percent on heavy volume yesterday as Internet chatter circu lated about a potential takeover bid. A com pany spokesman de clined to comment. The speculation has short sellers covering their position, helping to carry Kodak shares as high as $5.48.
Orszag in
Citigroup named Peter Orszag, President Obama’s former budget director, as a senior global banking adviser.
Borders talks
Borders Group, the second-largest book seller, is in talks to re finance and may end up in violation of its credit agreements in the first quarter if negotiations fail.
Coal kingpin
Citadel, the $12 billion hedge fund run by Ken Griffin, said it hired former JPMorgan coal trader Miguel Abreu to head its commodity desk.
Morgan hires
JPMorgan Chase is hiring 100 corporate bankers outside the US, in a bet that loan de mand in the rest of the world will grow faster than in the US.