Avenue Capital Group and Blackstone Group LP’s GSO Capital Partners LP unit are among investors that own debt in Eastman Kodak Co. and are seeking to profit from a potential sale of its digital-imaging patents, said people with knowledge of the matter.
Eastman Kodak Co., the 131-year-old camera maker, ended the third quarter with 9.9 percent less cash than three months earlier and said it would use more than anticipated this year as it works to build its digital printing- equipment business.
Eastman Kodak Co. lost a ruling in a two-year legal fight against Apple Inc. and Research In Motion Ltd. over a patent for digital image-preview technology, a decision that may hurt the value of assets Kodak is selling.
Hewlett-Packard Co., the largest personal-computer maker, forecast fiscal second-quarter profit that exceeded analysts’ estimates, helped by cost-cutting measures and recovering demand for enterprise services.
Hewlett-Packard Co., the largest personal-computer maker, rose the most in three months after its fiscal third-quarter profit forecast topped estimates as cost cuts help make up for slumping desktop and laptop demand.