Eastman Kodak Co. said that it plans to sell most of its consumer and document imaging businesses and shift focus to commercial printing as it works to emerge from bankruptcy, Reuters reported yesterday. The once-dominant printing firm, already in the midst of auctioning off its digital patent portfolio, hopes to complete the sales by mid-2013, CEO Antonio Perez said yesterday. The company needs to raise nearly $700 million to pay back its creditors and exit bankruptcy, and initially hoped its patent sale would generate at least that much. But more than two weeks into its auction and still without a deal, the company may be looking for other ways to raise cash.
