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Kodak’s Patent Sale Plan Gets U.S. Bankruptcy Court Approval
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FBN’s Sandra Smith on Kodak’s efforts to emerge from bankruptcy.
- Duration 0:59
- Date Jan 11, 2013
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FBN’s Sandra Smith on Kodak’s efforts to emerge from bankruptcy.
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Good afternoon I'm Sandra Smith with your Fox Business three stocks continue to -- between gains and losses on the last trading day of the week.
The Dow Jones Industrial Average Jack -- met with about 22 minutes left in trading.
Eastman Kodak is one step closer to emerging from bankruptcy.
According judge has approved the company's plan to -- digital imaging patents for 525.
Million dollars.
-- only a fraction of the more than two billion dollars it was hoping for Kodak can now move forward.
For the plan to secure financing and exit bankruptcy during the first half of this year.
And sales of videogame products falling 22%.
In December from a year ago capping a year of declining sales for the industry.
According to research firm NPD group one of the biggest reasons for the drop was a lack of new products.
Despite the release of Nintendo's new videogame console -- you.
-- a video games themselves excluding PC titles tumbled 26%.
Year over year.