Kodak

Kodak has received court approval for the $525m (327m) sale of its digital imaging patents, once valued at more than $2.5bn, although the judge admitted to being "disappointed in the price".

Kodak's pre-tax and net losses averaged more than $100m (61m) a month in the first nine months of 2012, according to its combined statement for the period to 30 September 2012.

Reports have emerged that tech heavyweights Apple and Google are putting together a joint bid for more than $500 million in digital imaging patents currently up for sale by Kodak.

Kodak has received an offer in excess of the required $500m for its digital imaging patents, according to reports.

Kodak said its lenders were demonstrating increased confidence in the company's future after they boosted its $793m interim and exit finance facility by $37m and established "improved" terms for...

Eastman Kodak has been told it must sell its digital imaging patent portfolio for "no less than $500m" as a condition of a new interim and exit finance facility totalling nearly $800m.

Eastman Kodak has posted double digit increases in its pre-tax and net loss in its third quarter results.

A Kodak spokesman has described the decision to end retiree and survivor healthcare benefits from 1 January 2013, thereby ending a $1.2bn liability, as "very good news" for the company.

Kodak has forecast a total operating cash flow of $33m (20m) on revenue of $1.2bn for the first six months of 2013, although its US operation is forecast to lose $110m in the same period.

DST Output UK has embarked on a multimillion-pound equipment upgrade across its Bristol, Dagenham and Nottingham sites.