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.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.