Mon, May 28, 2012, 2:30 PM EDT - U.S. Markets closed for Memorial Day

Kodak shooting to sell patents

The photography icon that invented the hand-held camera filed for bankruptcy protection. Among its creditors are retailers Wal-Mart Stores (NYSE:WMT - News), Target (NYSE:TGT - News) and movie studio Walt Disney (NYSE:DIS - News). Kodak will seek to sell some of its digital patents, which have generated $3 bil in revenue since '03. Eastman Kodak (NYSE:EK - News) already has sued Apple (NASDAQ:AAPL - News), S. Korea's Samsung and Taiwan smartphone maker HTC for alleged patent infringement.

 

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