RENEE MONTAGNE, host: NPR's business news starts with Kodak catching a lifeline.</s>RENEE MONTAGNE, host: The American photography company is struggling hard to adapt to the digital era. Even though it's cut its workforce in half, sales are still falling and Kodak expects to lose hundreds of millions of dollars this year. Yesterday the company announced a bit of good news on the financial front. It worked out a deal with a big private equity firm to raise hundreds of millions of dollars.</s>RENEE MONTAGNE, host: Kodak will use the money to shore up its balance sheet and free up money for new investments. Kodak's not only focusing on digital cameras, but also inkjet printers and ink cartridges.
Kodak has worked out a deal with a big private equity firm to raise hundreds of millions of dollars to shore up its balance sheet and free up money for new investments. Even though it cut its work force in half, sales are falling and the American photography company expects to lose hundreds of millions of dollars this year.