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Bleak Picture for Eastman Kodak

Eastman Kodak shares dropped well back on Friday, with trading halted several times.

The shares dropped almost 60% after talk that the camera company has hired a law firm to give advice on a bankruptcy filing.

While the company later denied that is planning bankruptcy processes, Bloomberg said the company was considering certain options, including a bankruptcy filing.

Only days ago, Kodak had its credit rating downgraded by two major agencies.

Posted in Business

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