Kodak

Kodak has postponed the planned auction of its digital imaging portfolio "until further notice" instead suggesting that it may form a new licensing company to repay its debts.

Kodak UK's marketing manager Pat Holloway intends to assist the Printing Charity and mentor at his local primary school when he takes early retirement at the end of September.

Kodak has stressed that its NexPress and Prosper digital lines will not be impacted by cost cutting measures as it announced the cull of a further 1,000 jobs including that of COO Phil Faraci.

Kodak has axed the role of president and chief operating officer Phil Faraci and will shed a further 1,000 jobs as it speeds up cost cutting efforts while the clock ticks on its Chapter 11...

Kodak's US operations made a net loss of $78.7m (49.7m) on revenues of $162.5m in July taking its combined losses since the start of the year to $745m on sales of $1.1bn.

Kodak has announced that it will focus on commercial, packaging and functional printing activities as part of its 'successful emergence from Chapter 11 reorganisation'.

Kodak has extended the deadline for its patent auction following reports that bids for the portfolio had come in well below estimates.

Kodak has posted a pre-tax loss of $300m (193m) in its second quarter results, a 54% increase on last year's $195m loss, as it revealed total creditor claims had reached $20.5bn.

Kodak has asked a US Bankruptcy Court for permission to pay bonuses to 15 of its top management, including nine executive officers, as it moves to the next phase of its restructuring.

Eastman Kodak has been given the OK by a New York-based US bankruptcy judge to auction its digital imaging patents in a move that could fetch billions for the financially struggling firm.