Kodak Lays Groundwork For Chapter 11 Filing
LINDA WERTHEIMER, HOST:
NPR's business news starts with Kodak fading.
(SOUNDBITE OF MUSIC)
WERTHEIMER: The legendary American photo company is reportedly preparing for bankruptcy. The Wall Street Journal says the company could avoid bankruptcy by selling off a trove of patents. But it's apparently still laying the groundwork for a Chapter 11 filing that would allow Kodak to continue operating but would release it from debt, including it's obligations to retirees.