New York: Eastman Kodak says it expects to emerge from bankruptcy protection between July and September. Many of the storied businesses associated with the Kodak name will be gone.
It will no longer make cameras, home computer printers, or digital picture frames. It will mostly be out of the consumer film business, providing only supplies and services to the new owners of that business.
The reorganization plan filed late on Tuesday says the new Kodak will focus on commercial imaging and printing. It says it should be able to make money by supplying the electronics, chemicals, and printing surfaces used for commercial and graphics customers.
It also plans to provide professional services to commercial and digital printing markets. Old shares of Eastman Kodak Co will be canceled, which is typical in bankruptcy cases....
more
08:25 PM, May 01, 2013
Buffalo, New York: Eastman Kodak Co. wants to end its contract for naming rights to the glamorous Los Angeles theater that hosts the Academy Awards as it tries to improve its financial position enough to move out of bankruptcy. The photography pioneer's financial advisers say the benefits of having the company's name on the 3,300-seat Kodak Theatre aren't worth the contract's cost, according to a motion filed in US Bankruptcy...
01:06 PM, Feb 03, 2012
Washington: Eastman Kodak Co, which invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection, capping a prolonged plunge for one of America's best-known companies. The more than 130-year-old photographic film pioneer, which had tried to restructure to become a seller of consumer products like cameras, said it had also obtained a $950 million, 18-month credit facility from Citigroup to...
02:19 PM, Jan 19, 2012
New Delhi: Eastman Kodak is preparing a Chapter 11 bankruptcy protection filing in case it is unable to sell its digital patents to raise capital, The Wall Street Journal reported on Wednesday. The once-iconic photographic film pioneer is in talks with potential lenders to secure about $1 billion in debtor-in possession financing to sustain Kodak through bankruptcy proceedings, the Journal reported, citing unidentified sources. The Chapter 11 filing could come...
01:10 PM, Jan 05, 2012
Company accuses phone makers of infringing its imaging technology. ...
11:46 AM, Jan 15, 2010
