Kodak News; Dec. 24 – 29

History in the making… On Friday, Kodak reported their figures for November. It turned out to be the smallest net loss in recent years. The loss was $60.8 million and they had sales of $162.9 million for November. Kodak filed for Chapter 11 Bankruptcy protection in January. Since then they have phased out digital cameras, …

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Kodak News; Dec. 17 – 21

History in the making… This was a good week for Kodak. They announced that they sold their digital imaging patents. Kodak had been told by experts that the patents were worth over $2 billion. They ended selling the patents for $525 million. They were sold to Intellectual Ventures and RPX Corp which are intellectual property …

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Kodak News; Dec. 10 – 14

History in the making… The Bankruptcy Court judge approved the deal to give $830 million in loans to Kodak. Kodak still would have to meet the condition that they sell their digital imaging patent portfolio for at least $500 million in order to get that loan. Kodak is ending a sponsorship at U.S. Disney Parks …

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Kodak News; Dec. 3 – 8

History in the making… On Wednesday The Wall Street Journal reported that a consortium has made a offer of more than $500 million to buy Kodak’s 1,100+ digital patents. Originally Kodak thought that the patents were worth over $2 billion. But that was over a year ago and they now are facing the reality that …

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Kodak News; Nov. 26 – 30

History in the making…. NY Governor Cuomo came to Rochester on Tuesday to visit areas with economic development. One of the place he and his group stopped was at Eastman Business Park (formerly Kodak Park). People at Kodak pointed out that the Park is continuously adding tenants. They also made a point of mentioning that …

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Kodak News; Nov. 19 – 23

History in the making… Being a holiday week, there wasn’t any big Kodak news. I received a official letter from Kodak telling what everybody already knows; ie. that Kodak will no longer be paying for retiree’s health insurance after Dec. 31st. The largest portion of retirees are those on Medicare. They should be looking at …

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Kodak News; Nov. 12 – 16

History in the making… On Monday Kodak made the announcement that they signed a commitment letter to secure $793 million in loans on the condition that the company receive at least $500 million for a patent portfolio they have been trying to sell. The loan is coming from Centerbridge Partners, GSO Capital Partners, UBS Bank …

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Kodak News; Nov. 5 – 9

History in the making… On Monday U.S. Bankruptcy Judge Alan Gropper approved the agreement between Kodak and an official employee committee. That will end health insurance for retirees at the end of the year. All to be discontinued is survivor benefits for souses of retirees. Judge Gropper called the move fair and reasonable. I know …

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Kodak News; Oct. 29 – Nov. 2

History in the making… Kodak was supposed to be in Bankruptcy Court on Monday for a hearing on their agreement with a retiree committee to end health benefits for retirees and dependents. The Court was closed on Monday because of Hurricane Sandy. That hearing is being put off until next Monday. On Tuesday, Kodak reported …

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Kodak News: Oct. 22 – 26

On Monday the 29th (Oct.) the Bankruptcy Judge will hear the agreement between Kodak and the retirement committee that will end Kodak sponsored health care at the end of 2012. He may or may not rule on the agreement at that time. There is a small possibility that he may put off his ruling. Just …

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