NEW YORK (MarketWatch) -- Shares of Eastman Kodak Co. rose 7 cents to 47 cents in premarket trades Tuesday after the photo company announced a new corporate structure aimed at boosting its prospects in the digital arena. The Rochester, N.Y., company created two main business units, Commercial Segment and a Consumer Segment, to be run by a chief operating office consisting of Philips Faraci and Laura Quatela. Both Faraci and Quatela will report to Kodak CEO Antonio Perez. Kodak said the new structure is designed to "increase productivity, reduce costs and accelerate its transformation into a digital company ahat delivers sustainable profitability and creates value for its stakehoders." Kodak streamlines business for digital transition Stories You Might Like Obama names Lew to replace Daley as chief of staff TaxWatch: 12 tax tips for January Sponsored: Top Stock Analysts Buffett Just Bought 9.3 Million Shares of…
NEW YORK (MarketWatch) -- Shares of Eastman Kodak Co. EK +30.47% rose 7 cents to 47 cents in premarket trades Tuesday after the photo company announced a new corporate structure aimed at boosting its prospects in the digital arena. The Rochester, N.Y., company created two main business units, Commercial Segment and a Consumer Segment, to be run by a chief operating office consisting of Philips Faraci and Laura Quatela. Both Faraci and Quatela will report to Kodak CEO Antonio Perez. Kodak said the new structure is designed to "increase productivity, reduce costs and accelerate its transformation into a digital company ahat delivers sustainable profitability and creates value for its stakehoders." |