Kodak Posts $298 Million Loss, May Sell Imaging Unit

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ROCHESTER, N.Y. (AP) -- Eastman Kodak Co., undergoing a rough transition to digital photography, said Thursday it was considering the sale of its fabled health-imaging business after reporting a $298 million loss in the first quarter -- its sixth straight quarterly loss.

Created a year after the discovery of X-ray film in 1895, the unit accounts for nearly one-fifth of Kodak's overall sales, but its operating profit plunged 21 percent last year as margins tightened. A sale would wipe out most or all of Kodak's $2.6 billion in debt, analysts noted.

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Kodak Posts $298 Million Loss, May Sell Imaging Unit

"To some extent it is a survival tactic," said Shann...

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