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Montevideo, November 23rd 2024 - 03:31 UTC

Tag: kodak

  • Saturday, January 21st 2012 - 05:32 UTC

    Kodak given a year to reshape business out of bankruptcy

    The company founded in 1880 by George Eastman was unable to shift on time from film to digital technology

    Eastman Kodak Co. has a little more than a year to reshape its money-losing businesses and deliver a get-out-of-bankruptcy plan. Girded by a 950 million dollar financing deal with Citigroup Inc., the photography pioneer aims to keep operating normally during bankruptcy while it peddles a trove of digital-imaging patents.