Eastman Kodak gains approval to come out of bankruptcy

Eastman Kodak has gained court approval to come out of bankruptcy as a much smaller digital imaging company.

The company, once the biggest name in photography, had planned to come out of bankruptcy in July.

Eastman Kodak was founded in New York more than 100 years ago and pioneered the use of film in cameras.

US bankruptcy judge Allan Gropper agreed to the company's plans, meaning it should be back trading in about two weeks.

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