Negative news for Kodak over bankruptcy fears


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The Independent Online

Eastman Kodak is heading deeper into the red and will draw on more of its cash reserves than previously expected, raising the possibility it could plunge into bankruptcy.

The 131-year-old US camera and film company is pinning its hopes on the sale of 1,100 technology patents it has filed over the years and has appointed restructuring experts to advise on its options.