Eastman Kodak Co
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The $650 million agreement would also settle the fund's claims of about $2.8 billion against the bankrupt company.
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NEW YORK, May 17- Onex Corp has called off its auction of medical imaging firm Carestream Health Inc after failing to find a buyer that was willing to meet its price expectation of as much as $3.5 billion, three people familiar with the matter said this week.
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Now these same funds may be poised to descend on another landscape: struggling cities and counties- and no place beckons more than Detroit.
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April 30- Eastman Kodak Co said on Tuesday it expects to emerge from bankruptcy as soon as July as a commercial imaging business under the control of its creditors. The company did not say how much it expects to pay its unsecured creditors, who are owed as much as $2.2 billion, but they would also receive some shares in the reconstituted Kodak.
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April 30- Eastman Kodak Co expects to emerge from bankruptcy as soon as July as a commercial imaging business. It said in court documents that it expects to issue new stock to its second-lien note holders, who would control the reorganized Kodak. The company did not say how much it expects to pay its unsecured creditors, who are owed as much as $2.2 billion.
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April 30- Eastman Kodak Co:. *Files plan of reorganization and disclosure statement. *Says company expects to emerge from chapter 11 restructuring in the third.
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*Deutsche Bank, Germany's largest bank, moved Monday to address criticism that it has too thin a cushion against risk, announcing that it planned to issue $3.65 billion in new stock to increase its capital reserves.
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April 30- The following are the top stories in the Wall Street Journal. *The Service Employees International Union is locked in battle in California with an unusual opponent- another union- even as organized labor has withered in the U.S.
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Deutsche Bank in 2.8- billion-euro share issue to shore up balance sheet. Norway calls on BP to review risk management following leak Sainsbury prepares for CEO succession Reform call over' pitiful' pay rate at BoE's court Lloyds takes 250 mln stg hit on Spanish exit Bankrupt Kodak to shift film arm to UK pensioners Overview.
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*Kodak plans to unveil plan of reorganization on Tuesday. *Kodak reports first-quarter profit on sale of patents. By Tanya Agrawal and Tom Hals April 29- Photography pioneer Eastman Kodak Co.
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April 29- Eastman Kodak Co:. *Posts first quarter profit of $283 million. *$283 million in consolidated net earnings in first quarter of 2013, compared.
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The $650 million agreement would also settle the fund's claims of about $2.8 billion against the bankrupt company.
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April 29- Bankrupt photography pioneer Eastman Kodak Co said it will sell two of its remaining imaging businesses to its UK pension fund for $650 million. The agreement, subject to approval by the U.S. Bankruptcy Court in Manhattan, also settles the fund's claims of about $2.8 billion against Kodak.
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April 29- Eastman Kodak Co:. *Announces comprehensive settlement with U.K. pension plan, moving Kodak. Kodak and certain of its affiliates.
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*Kodak plans to unveil plan of reorganization on Tuesday. By Tanya Agrawal April 29- Photography pioneer Eastman Kodak Co. The pension plan also agreed to give up a $2.8 billion claim against Kodak, the largest unsecured claim against the company.
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NEW YORK, April 25- The number of potential bidders for Onex Corp's Carestream Health Inc has fallen to two, several people familiar with the matter said, damping hopes of selling the medical imaging company for as much as $3.5 billion.
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NEW YORK, April 25- The number of potential bidders for Onex Corp's Carestream Health Inc has fallen to two, several people familiar with the matter said, damping hopes of selling the medical imaging company for as much as $3.5 billion.
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March 11- Eastman Kodak Co fourth-quarter loss more than tripled, but the camera pioneer said on Monday that it is on track to emerge from bankruptcy in the middle of 2013 as it shifts its business focus toward printing from photography.
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A firm's worst enemy is itself: success with past innovations leads it to ignore, stifle, or ridicule the next big innovation, says this author.
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The amended financing agreement requires Kodak to raise at least $600 million from the sale of noncommercial imaging assets, which could include its document imaging and personalized imaging businesses, as well as trademarks. The previous financing agreement required Kodak to raise $700 million.
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NEW YORK, Feb 25- Carestream Health Inc, which provides medical imaging systems and other healthcare technology solutions, is looking for a buyer in a deal that could fetch as much as $3.5 billion, people familiar with the matter said on Monday.