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Report: Kodak shuffles restructuring advisers

Eastman Kodak Co. has reportedly shuffled its restructuring advisers in its battle to shore up its finances and steer clear of bankruptcy. The Wall Street Journal reported Tuesday that Kodak has hired Sullivan & Cromwell’s restructuring practice to advise on ...

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Kodak sells its image sensor unit

Eastman Kodak Co. says it has completed the sale of an image sensor business to a private equity firm in Beverly Hills, Calif. The photography pioneer is offloading what it calls “non-strategic assets” in a scramble to reinvent itself as ...

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Federal judge backs Kodak in ink supplier lawsuit

A federal judge has backed Eastman Kodak by barring an Ohio printer-ink manufacturer from cutting off supplies to the embattled photography pioneer for its older line of commercial printers. Cincinnati-based Collins Ink Corp. said last month it was ending a ...

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Kodak posts wider loss, warns on prospects

Eastman Kodak Co. warned Thursday that its survival over the next year hinges on an ability to sell its potentially lucrative digital-imaging patents or raise extra funds by selling debt. Its cautionary statement in a securities filing came as the ...

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Kodak’s 3Q to offer insight into cash woes

ROCHESTER — Eastman Kodak Co. reports third-quarter results that should provide a sharp focus on its survival efforts in the digital arena. The report is expected to be released before the markets open Thursday. What to watch for: How much ...

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Rochester area patents up in Q3

The number of patents issued nationally and to Rochester area inventors by the U.S. Patent and Trade Office rose in the third quarter of 2011, according to the latest index compiled and released by intellectual property firm Hoffman Warnick LLC. Patents issued by the USPTO to Eastman Kodak Co. and Xerox Corp. ...

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Kodak: A snapshot of an icon’s fall

Buffeted by fierce foreign competition, then blindsided by a digital revolution, photography icon Eastman Kodak Co. is teetering on a financial precipice after a quarter-century of failed efforts to find its focus. The 131-year-old company that turned picture-taking ...

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Kodak tries to quash bankruptcy fears; shares jump

SAN FRANCISCO — Eastman Kodak Co. shares soared more than 57 percent Monday after the photo company tried to quash investor fears of a bankruptcy, which had caused shares to lose more than half their value on Friday.

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Kodak borrows $160M, stock plunges

Shares of Eastman Kodak Co. lost one-quarter of their value Monday morning after the 131-year-old photography pioneer, scrambling to redefine itself in a cutthroat digital arena, drew down $160 million from its revolving credit line.

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Kodak adopts shareholder rights plan

Photography pioneer Eastman Kodak Co. said Monday that its board has adopted a shareholder rights agreement designed to preserve its tax assets. The plan is designed to prevent shareholders from increasing their stake ...

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Kodak posts wider 2Q loss on lower revenue

While surging sales of inkjet printers are helping Eastman Kodak Co., the photography pioneer said Tuesday its second-quarter loss widened to $179 million on slumping revenue from digital cameras and film. Aiming to cross back to profitability ...

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