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NEW YORK Eastman Kodak Co won court permission on Wednesday to retain exclusive control of its bankruptcy case through February 28 as it tries to execute a $ 793 million financing offer from a group of bondholders. Judge Alan Gropper approved the extension at a hearing in a U.S. Bankruptcy Court in Manhattan, allowing Kodak to move forward with its plan without creditors pushing competing proposals. The plan would outline how to repay creditors and exit bankruptcy. The extension was supported by most creditors. It was opposed by a group of bondholders, some of whom had made an unsuccessful effort [...]

NEW YORK Eastman Kodak Co has reached a financing deal with bondholders that could take the one-time photography giant out of bankruptcy, a person close to the matter said Monday. The deal, which needs bankruptcy court approval, would provide Kodak with $ 793 million in loans on the condition that it receive at least $ 500 million for a patent portfolio it has been trying to sell for more than a year, the person said. The financing is also contingent on the company selling all or a portion of its document imaging and personalized imaging businesses, which were also put [...]

NEW YORK Eastman Kodak Co has reached a financing deal with bondholders that could take the one-time photography giant out of bankruptcy, a person close to the matter said Monday. The deal, which needs bankruptcy court approval, would provide Kodak with $ 793 million in loans on the condition that it receive at least $ 500 million for a patent portfolio it has been trying to sell for more than a year, the person said. The financing is also contingent on the company selling all or a portion of its document imaging and personalized imaging businesses, which were also put [...]

Eastman Kodak Co on Tuesday said its third-quarter loss grew 41 percent from a year earlier, reflecting restructuring and other costs as the bankrupt camera pioneer shifts its business focus toward printing from photography. The net loss widened to $ 312 million, or $ 1.15 per share, from $ 222 million, or 83 cents, a year earlier, Kodak said in a regulatory filing. Revenue fell 19 percent to $ 1.02 billion, hurt by a weakened economy, currency fluctuations, and the decision to exit some businesses, Kodak said. Excluding restructuring and reorganization costs, Kodak said it lost $ 139 million in [...]

Eastman Kodak Co said it will begin discussions with various creditor groups on a reorganization plan to emerge from bankruptcy protection. The company said in a filing that it expects revenue of $ 833 million for 2013 from its commercial imaging digital printing business and $ 1.72 billion from its commercial imaging graphics, entertainment & commercial films. (http://r.reuters.com/dyq33t) Kodak said there is interest from various parties in its commercial imaging business and interest among several potential lenders to finance the business. “We are gratified that there appears to be interest among several potential lenders to finance this business and its [...]

Eastman Kodak Co said it plans to stop selling inkjet printers from 2013 as it winds down most of its consumer businesses and focuses on commercial printing. Printer makers are struggling with falling sales as companies cut costs and people increasingly use mobile devices to take snaps and share them digitally. Lexmark International Inc said last month that it will stop making inkjet printers and focus on its more profitable imaging and software businesses. Kodak, which has already shuttered its digital camera business, said on Friday it expects to incur a charge of $ 90 million related to the wind-down [...]

Eastman Kodak extended its patent auction on Monday, saying it would not announce a winner as planned because it was still in discussions with bidders. Kodak, which filed for bankruptcy in January, said in a statement that the auction is ongoing. It declined to comment further, citing confidentiality agreements. A spokeswoman for the company declined to comment on the length of the extension. The company said it expected later on Monday to submit regulatory filings revealing more information about its business, including financial projections. Kodak, which has lost more than $ 600 million so far this year, began an auction [...]