Kodak News

[semi-ambivalent]

I didn't see this here yet so I'm posting it because, you know, I want to be first.

http://www.9news.com/money/341351/344/NY-Kodak-will-keep-some-operations-in-Rochester

s-a

 

[Richard S. (rich815)]

You may indeed be first. I had not heard this.

So...

Kodak will keep some operations in Rochester.

Ok.

 

[AgX]

lease property there to two companies it will spin off as it restructures

The latest spin-off was their utilities supply plant. But actually it was sold to an energy company, thus it is not a spin off in the actual sense.
And, how many spin-offs are there already? Not much to my knowledge, so it is rather about attracting existing companies or new founded companies to settle down.

 

[kuparikettu]

Kodak, Major Financial Institutions Agree to Arrange Exit Financing Package: http://www.piworld.com/article/koda...ons-agree-to-arrange-exit-financing-package/1

 

[Sirius Glass]

Finally a positive step! That is good for Rochester too.

 

[AgX]

Only weeks ago one major creditor (KPP) agreed to refrain of the majority of their financial claim, now fresh money is put into Kodak.