July 2 â¿¿ Kodak shuts down Kodak Gallery, North American accounts go to Shutterfly. Judge rules that Kodak can proceed with auctioning some 1,100 digital imaging patents, about 10 percent of the company's portfolio.
Aug. 23 â¿¿ Kodak says it will sell its document imaging and personalized imaging businesses to better focus on printing and business services. The company says the sale of the units, along with cost-cutting measures and the auction of its patent portfolio, will help it emerge from bankruptcy sometime in 2013. Kodak's document imaging division makes scanners and offers related software and services. The personalized imaging business includes photo paper and still camera film products. It also offers souvenir photo products at theme parks and other venues.
Monday â¿¿ Kodak says it is reshuffling executives and cutting thousands of jobs. Kodak says it cut about 2,700 employees worldwide since the beginning of the year and plans to cut about 1,000 more by the end of 2012. The company says annual savings from the cuts should reach about $330 million.
___Source: Kodak, Associated Press research