kodak

8:27am

Fri June 21, 2013
Business

Kodak inches closer to emergence with UK pension plan settlement

Eastman Kodak Company

It's been a big week for Kodak. The U.S. bankruptcy court approved the company's previously announced comprehensive settlement agreement with its United Kingdom pension plan Thursday.

The settlement includes the spin-off of Kodak’s personal and document imaging businesses to U.K. pensioners, and represents a big step in the company’s bid to emerge from chapter 11.

The U.K. Kodak Pension Plan (KPP) is the company’s single largest creditor with respect to its chapter 11 plan for reorganization.

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9:02am

Fri January 18, 2013
The Upstate Economy

Kodak - one year after bankruptcy

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.

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4:25pm

Fri December 21, 2012
Regional Coverage

Eastman Business Park power plant sold, will get makeover

Kodak is set to sell its coal-fired power plant at Eastman Business Park to a company that will convert it to a cleaner, natural gas facility.

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11:35am

Wed December 19, 2012
The Upstate Economy

Kodak patent buyers include Google, Apple and Microsoft

Kodak has sold off a chunk of its patents for $525 million.
Stewart Marshall via Flickr

Kodak has reached an agreement for the sale of their digital patent portfolio. Under the agreement, the company will receive $525 million for the imaging patents from Intellectual Ventures, a major holder of US patents, and a group of 12 licensees.

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4:40pm

Thu August 9, 2012
Regional Coverage

Kodak sells digital patents to pay off creditors

Kodak is selling 11,000 digital patents in a silent auction in Manhattan beginning today. The company is hoping to use the proceeds to pay off some of its creditors.

The Wall Street Journal reports technology giants Google and Apple are both bidding, but the initial offers are much lower than the estimated $2.6 billion Kodak says the patents are worth.

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2:06pm

Fri January 20, 2012
The Upstate Economy

Rochester after Kodak

With Kodak embarking on a restructuring effort under Chapter 11 bankruptcy protection, the future of the imaging icon remains unclear.

But one aspect of Kodak's legacy is already deeply imprinted onto the Rochester community.

Even as Rochester's most famous company struggled mightily to reinvent itself, the Rochester region steadily fought back - leading the state in job growth in recent years and outpacing its upstate peers in economic vitality.

One key reason: A long history of top-notch human capital flung into the community - willingly or not - as Kodak's fortunes withered.

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