Turnaround
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How Kodak is trying to turn things around
CNBC· 2026-05-07 16:00
Kodak was written off by Wall Street after it filed for bankruptcy over a decade ago. Now the company says it's in the midst of a turnaround. I spoke with the film company CEO Jim Continza, a self-proclaimed turnaround specialist.Continent said the brand is seeing a resurgence fueled by both a nostalgia for film in Hollywood and by younger consumers. The CEO told me that Christopher Nolan himself called him back in 2019 to prevent the closure of its acetate factory, which produced the key ingredient used to ...
PayPal Plans to Cut 20% of Workforce as CEO Seeks to Revamp
Bloomberg Television· 2026-05-05 16:51
Revenue was up about 7%. It was a decent beat, about 6%. EPS beat adjusted EPS was ahead of consensus.Volume was up 11%. Venmo volume accelerated to 14th. Operationally, it wasn't really a bad quarter, but the stocks are still down.So how I'd frame it is that this is a decent chemi result. But the bigger issue here is around credibility. And I think the market basically wants to see can new leadership really demonstrate some stabilization and execution.So not a blowout quarter, especially given the tough en ...