Kodak News; June 10 – 14

History still in the making… Kodak plans to shut down its cellulose acetate base manufacturing operations next week. Light sensitive chemicals are spread on the acetate base to make photographic film. The acetate base is made in building 53 in Eastman Business Park. Kodak has an inventory of years worth of acetate base and are …

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Kodak News; June 3 – 7

History still in the making… Kodak announced on Monday that it has reached a new agreement with 20th Century Fox to supply motion picture film to its movie and television studios through 2015. Although demand for movie film is down, Kodak said it continues to manufacture billions of linear feet of film each year. At …

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Kodak News; May 27 – 31

History still in the making… Kodak wants to set up a environmental trust fund to settle claims by both the Federal and NY State governments. The claims by those governments amount to over $96 million including a $10.1 million fine for toxic silver contamination of sediments in the Genesee River. The trust fund would be …

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Kodak News; May 13 – 19

History still in the making… Kodak has agreed to sell its water system used in Eastman Business Park to Recycled Energy Development-Rochester, LLC RED-Rochester). In 2010 Rochester City Council issued a franchise to Kodak to sell water to tenants in the Park. RED-Rochester would own the water treatment and distribution facilities. If approved by the …

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Kodak News; May 6 – 10

History still in the making… The Federal Securities and Exchange Commission (SEC) on Monday released information remuneration of Kodak CEO Antonio Perez for 2012. His base salary was about $1.15 million million but his total compensation added up to $3.46 million with bonuses and other benefits added in. Then if Kodak successfully emerges from bankruptcy …

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Kodak News; April 29 – May 3

History still in the making… It was a busy week for Kodak. On Monday Kodak reported a first quarter profit of $283 million. Revenue was down a little less than 10% at $849 million. The quarterly profit includes a $535 million gain recorded on the sale of Kodak’s digital imaging patent portfolio. We reported here …

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Kodak News; Apr. 15 – 19

History still in the making… On Monday, Kodak announced that they entered into a purchase agreement with Brother Industries, Ltd. for the proposed sale of Kodak’s Document Imaging business for a cash purchase price of approximately $210 million. Brother would assume the liability of the business, which totaled approximately $67 million. Kodak’s Document Imaging business provides …

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Kodak News; April 1 – 5

History in the making… On Tuesday Kodak announced that James V. Continenza has been elected as a member of the Board of Directors. Mr. Continenza brings to Kodak experience as a manager and director with diverse companies that have successfully emerged from corporate restructuring. On Wednesday it was announced that the University at Albany College …

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Kodak News; March 25 – 29

History in the making… Kodak made money in February. They showed a profit of $404 million but that is after including the sale of their digital patents for $525 million. Without the patent sale, Kodak would have had a loss of about $34 million for the month. Kodak has named Spicers Canada Limited a Gold …

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Kodak News; March 18 – 22

  Kodak sold Co. has sold 180 acres of land in the former Kodak Park South for $1.4 million, according to documents in the County Clerk’s office. The buyer is LiDestri Food and Beverage a manufacturer of dips, sauces and beverages. In 2009 LiDestri bought the former Kodak building 642 and last year former building …

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