Financial Analyst Doug Hendee of Brighton Securities discussed the Kodak announcement that CEO Antonio Perez will leave his position after the company emerges from bankruptcy Wednesday morning on News 8 at Sunrise.
CEO Antonio Perez will continue to lead Kodak after it emerges from bankuptcy, but for a limited time.
Another business will soon call Eastman Business Park home.
The Eastman Kodak Retiree Association has reached an agreement with the company over its unfunded pension plan.
Kodak is starting salary reviews and in a memo to employees it says executives will not be getting raises.
A bankruptcy judge will hear a motion from Kodak shareholders on August 5th.
Kodak is preparing to emerge from bankruptcy by September 3rd, but the company has to get many of its creditors to agree with its plan.
The plan put forth for Kodak to help clean up Eastman Business park is going through.
A couple hundred more jobs are expected to be added to the Eastman Business Park to make touch screen sensors. It is part of a deal between the local Kingsbury Corporation and Kodak.
In just over a month, Kodak is expected to emerge from bankruptcy. It has been a tumultuous road for the imaging company that will have a new focus. On Tuesday in New York City, significant progress was made towards the newly-reorganized Kodak.
Financial analyst George Conboy weighs in on the happenings in U.S. bankruptcy court with Eastman Kodak.
Eastman Kodak is steps away from bankruptcy emergence. If the judge approves several key issues Monday, it will mean creditors can vote on Kodak's emergence plan.
Kodak announced an agreement is in place for debt financing of $895 million.
Eastman Kodak Company and the state of the New York have agree on a partnership they believe will create jobs at Eastman Business Park.
Eastman Kodak says it has received court approval to sell $406 million worth of stock when it emerges from bankruptcy.
A disclosure statement explains how Kodak plans to pay off its creditors and what its business will look like after bankruptcy. Creditors have to vote on it before Kodak can move forward, but there are many who are stepping up to the plate with concerns.
More changes are ahead for Kodak, this time having to do with a base used to make their film.
Kodak has notified New York State that it expects to layoff 61 Rochester workers by the end of August.
Under a new agreement, Kodak will now supply its motion picture film to 20th Century Fox.
Kodak is working to create a fund to pay for cleanup of past environmental problems, while it works its way through bankruptcy.