Tagged: Chapter 11

4:02pm

Tue April 16, 2013
The Upstate Economy

Kodak reaches potential deal to sell document imaging business

Credit Kodak

Kodak is hoping to sell its document imaging business for $210 million. The company has reached a tentative deal with Brother Industries that would see them take over operation of the portfolio of scanners, capture software and services.

Read more

9:02am

Fri January 18, 2013
The Upstate Economy

Kodak - one year after bankruptcy

Credit WXXI Public Broadcasting

Kodak filed for Chapter 11 bankruptcy a year ago. The intervening months have seen big layoffs, pay freezes for workers, and an end to benefits for many of the company's retirees. However, Kodak also secured an extra $830 million in funding, and sold its patent portfolio.

Read more