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Kodak, once a mighty photography pioneer, received court approval for its plan to exit bankruptcy as a much smaller digital-imaging company.
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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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*Kodak hopes to emerge from bankruptcy in 2013. Oct 30- Eastman Kodak Co on Tuesday said its third-quarter loss grew 41 percent from a year earlier, reflecting restructuring and other costs as the bankrupt camera pioneer shifts its business focus toward printing from photography.
A great management team and an innovative product is what entrepreneurs need to attract investors.
Oct 12- Eastman Kodak Co said it will begin discussions with various creditor groups on a reorganization plan to emerge from bankruptcy protection. Kodak said there is interest from various parties in its commercial imaging business and interest among several potential lenders to finance the business.
Oct 12- Eastman Kodak Co said it will begin discussions with various creditor groups on a reorganization plan to emerge from bankruptcy protection. Kodak said the global August employee count will be reduced by 1,500.. The case is In re: Eastman Kodak Co et al, U.S. Bankruptcy Court, Southern District of New York, No. 12-10202..
Oct 12- Eastman Kodak Co:. commercial imaging business- SEC filing. cost savings of about $9 million in August.
Oct 11- The following are the top stories in the Wall Street Journal on Thursday. *BAE Systems Plc and EADS called off their merger after the UK, France and Germany failed to agree on how much influence they should have over the combined entity.
ROCHESTER, N.Y.-- Eastman Kodak Co. said Wednesday it has asked a bankruptcy court judge to allow it to end retiree medical and some other benefits at the end of the year as part of its restructuring.
Oct 10- Eastman Kodak Co:. *Kodak and official committee of retirees agree on modification of U.S. *Proposed agreement resolves a $1.2 billion retiree benefits liability.
Once a thriving and innovative company, after 90-years of success Cramer worries an iconic company may be at risk.
Oct 1- The following are the top stories on the New York Times business pages on Monday. *A tax break for wage earners for which the White House campaigned hard last winter now finds little support in Washington, as Congress struggles with deficits.
Philippe Laffont of Coatue Management, offered up his top tech picks, as well as stocks to avoid in the sector.
Take a look at some of Friday morning's early movers:
After the now bankrupt Kodak asked to have its name removed from the theater that hosts the Oscars, it is being dragged into court by the theatre owner over its sponsorship contract.
Take a look at some of Thursday morning's early movers: