Kodak posts second-quarter loss

Eastman Kodak posted poor second-quarter results yesterday as weak demand hurt its film and digital photography businesses. Kodak posted a second-quarter loss of $189m (£115m), or 70 cents a share, compared with a profit of $495m, or $1.72, a year earlier. Kodak said sales fell sharply as a global recession limited consumer spending on travel and other activities that spur the usage of cameras and printers.