Kodak out of bankruptcy
ROCHESTER, NEW YORK- An icon of American business is out of bankruptcy and Kodak now says its a new commercial imaging company serving business markets like packaging and graphics. The chairman and CEO says Kodak is on track for profitable growth. Kodak says its old stock is canceled as of Tuesday and creditors are getting shares in the reorganized company. Kodak filed for bankruptcy last year and sold off many of its businesses and patents, while shutting down the camera manufacturing arm that made the company famous.