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Posts tagged "loss"

Rumors of business bankruptcy send Kodak stock tumbling

Kodak stock took a major tumble last week, dropping more than 50 percent as rumors concerning the company's solvency swirled. Kodak, which is still hoping to avoid a business bankruptcy, has hired an international law firm for restructuring advice. Their biggest hope of avoiding bankruptcy may well involve selling their extensive patent portfolio, which has tech giants like Google circling the struggling maker of imaging equipment.