Profit Picture Brightens at Kodak
Eastman Kodak (EK) finally posted a profit on Jan. 31. That's something of a victory for CEO Antonio Perez -- when he had insisted in August that the photography giant would soon see better days, dubious investors sold Kodak's stock anyway. In the past two years the Rochester (N.Y.) company has lost money, laid off staff, and shut down factories. But now Kodak's cost-cutting has brought it into the black, as it continues struggling to make it in the brave new world of digital imaging.
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