05 Jan '12, 12am

Kodak shares tumble to all-time low after report that the photography pioneer may file for bankruptcy

Kodak shares tumble to all-time low after report that the photography pioneer may file for bankruptcy

The Eastman Business Park is pictured in Rochester, New York in this Dec 23, 2011 file photo. Eastman Kodak is preparing a Chapter 11 bankruptcy protection filing in case it is unable to sell its digital patents to raise capital, The Wall Street Journal reported on Jan 4, 2012. Picture taken Dec 23, 2011. -- PHOTO: REUTERS ROCHESTER, New York (AP) - Shares of photography pioneer Eastman Kodak Co tumbled to a new all-time low on Wednesday following a report that the ailing company is getting ready to seek bankruptcy court protection. The Wall Street Journal, quoting unidentified people familiar with the matter, said Kodak is preparing for a bankruptcy 11 filing 'in the coming weeks' should efforts to sell a trove of digital-imaging patents fall through. In July, Kodak began shopping around 1,100 digital-imaging patents that financial analysts think might fetch US$2 billion ...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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