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Kodak Files Plan to Exit Bankruptcy Protection

Eastman Kodak Co. has filed a plan to exit Chapter 11 bankruptcy protection that would hand ownership of the company to its bondholders and unsecured creditors.

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Kodak in Deal to Hand Units to U.K. Retirees

Eastman Kodak Co. reached a deal to turn over the camera-film business that helped make it a blue-chip company and other enterprises to U.K. retirees in exchange for wiping out pension obligations, said people familiar with the matter, in a deal that sets the stage for the onetime photography icon to emerge from bankruptcy proceedings later this year.

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PowerWave Technologies Files for Chapter 11

Wireless-equipment maker PowerWave Technologies Inc. filed for Chapter 11 bankruptcy protection Monday, with a $150 million issue of convertible debt topping its list of unpaid, unsecured bills.

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Atari Files Chapter 11 to Split From Parent

Atari Inc., the New York-based videogame company, filed to reorganize under Chapter 11 of federal bankruptcy law.

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Game Maker THQ Files for Bankruptcy

Videogame maker THQ Inc. filed for Chapter 11 bankruptcy, and said its assets will be acquired by affiliates of private equity firm Clearlake Capital Group L.P. in a roughly $60 million deal.

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Kodak Gets Bid of More Than $500 Million for Patents

A consortium of bidders has offered Eastman Kodak Co. more than $500 million for a trove of digital patents, people familiar with the matter said.

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Kodak Reaches Financing Deal With Bondholders

Eastman Kodak Co. reached a deal with bondholders for $793 million in loans that could take the onetime photography icon out of bankruptcy proceedings on the condition it sell a trove of patents for a certain amount, said people familiar with the discussions.

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Battery Maker A123 Files for Chapter 11 Protection

Electric-car-battery manufacturer A123 Systems Inc., the recipient of nearly $250 million in government grants, filed for Chapter 11 bankruptcy protection Tuesday with a plan to sell its auto-business assets to auto-parts maker Johnson Controls Inc.

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Kodak Pulls Plug on Another Business

Eastman Kodak Co. will wind down its desktop-printer unit next year, pulling the plug on a business that for half a decade was central to Chief Executive Antonio Perez’s plan to turn around the company.

Kodak Continues to Whittle Down Workforce

After this round of cuts, Kodak, which employed about 145,000 people at its height, will employ about 13,400.
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