Eastman Kodak Co.
Kodak sells online business to Shutterfly, patent sale pending
Eastman Kodak Co has agreed to sell its online photo services business to Shutterfly Inc for USD23.8 million, kicking off the bankrupt photography pioneer's re-launch as a much slimmer company although a patent sale seen crucial to its turnaround may still be months away.
The once-iconic company that invented the hand-held camera has said it will quit the camera business and is expected to fetch USD1 billion to USD2b from the sale of about 1,100 digital patents, which is due to get under way by 30 June.
Kodak sues Fujifilm in bid to defend patents
Even as the specter of bankruptcy protection looms, Eastman Kodak Co. is intensifying its efforts to defend its intellectual property. In a lawsuit it filed in New York on Friday against Fujifilm Corp., Kodak claimed some of its Japanese rival's cameras infringe its digital-imaging technology. At the beginning of the week, Kodak sued Apple Inc. and HTC Corp. claiming some of their smartphones, tablets and other devices infringe Kodak patents related to transmitting images.
Kodak on brink of bankruptcy
Eastman Kodak Co., the iconic 131-year old imaging company, is reportedly on the verge of bankruptcy after recording steep annual losses since 2007.
The Rochester, NY-based company is preparing to file Chapter 11 bankruptcy in the coming weeks, according to a report from the Wall Street Journal citing people with insider information.
Kodak announces agreement to sell Eastman Gelatine subsidiary
Eastman Kodak Company announced on Thursday that, consistent with its previously announced intention to sell non-core assets to sharpen the Company's focus on its digital growth initiatives and accelerate Kodak's transformation to a digital company, it has agreed to sell its Eastman Gelatine Corporation business to Rousselot, part of the Netherlands-based Vion Food Group.
Kodak losses mount on weak digital sales
Eastman Kodak Co reported a far larger-than-expected quarterly loss and a 25 percent drop in revenue on weakness in digital and licensing sales, sending shares down more than 7 percent.
The photography and printing company's revenue fell to USD1.93 billion missing the analysts' average forecast of USD2.11b, according to Thomson Reuters I/B/E/S, a global information provider.
Some CEOs face big repair jobs in 2011
Most CEOs are entering 2011 with big decisions to make – especially how to revive sales.
But some have deeper problems to address. Among the chiefs facing big challenges in 2011 are Nokia Corp.'s Stephen Elop, Yahoo Inc.'s Carol Bartz, Johnson & Johnson's William Weldon, Chrysler Group LLC's Sergio Marchionne and Eastman Kodak Co.'s Antonio Perez.
