Eastman Kodak Co.

Kodak is reporting a first quarter that showed some overall improvement, but also a reduction in revenues.

The company saw a net loss of  $18 million, compared to a loss of  $58 million a year ago.


Revenues overall were down 12 percent,  totaling $362 million. Kodak says the drop was due in part to the continued decline of products it's no longer making, including consumer inket printers.

CEO Jeff Clarke says the company is making solid progress in its transition.

Veronica Volk/WXXI News

Kodak is not selling Eastman Business Park. In fact, Wednesday they announced a partnership they hope will help draw more emerging businesses there.

The company put the park up for sale in March of last year, saying it didn't fit into their business strategy. Chief Financial Officer John McMullen says the decision to keep the park came after the company was reorganized into a divisional structure.

WXXI/File Photo


Rochester city and business officials want to emphasize the efforts at innovation that are going on downtown, by designating what they are calling a "downtown innovation zone." 

That's something that Heidi Zimmer-Meyer of the Rochester Downtown Development Corporation says could help bring more attention to changes that are going on in the local economy.

Eastman Kodak Co.

Kodak will be a publicly traded company again as of Nov. 1. The imaging company has announced that it will list its common shares on the New York Stock Exchange with the ticker symbol KODK.

CEO Antonio Perez calls it an important milestone for the company. He says the change in the symbol reflects a new company that is focusing on business to business products and services. The old symbol was EK.

The U.S. Bankruptcy Court has approved Kodak’s plan to exit bankruptcy, clearing the way for the company to emerge as a much smaller commercial printing business.

The emergence plan represents the last great hurdle for Kodak in its bid to exit bankruptcy.

Judge Allan Gropper approved the plan Tuesday and the company is hoping to put it into effect as early as Sept. 3.