business news in context, analysis with attitude

• The New York Times reports that a federal bankruptcy court judge has given the Eastman Kodak Co. permission to emerge from bankruptcy protection, which it entered in January 2012. Kodak, which "was for years synonymous with household cameras and family snapshots," had been weighed down by excessive costs and an unwillingness to embrace digital technology as quickly as its competitors. The story says that "Kodak has sold assets, including its consumer operations, and will now focus mainly on commercial products like high-speed digital printing technology and flexible packaging for consumer goods."

• In North Carolina, the News & Observer reports that "Lowes Foods is closing two of its Triangle stores, including one in west Cary near where Publix plans to open its first grocery store in the region next year ... After the closings, Lowes Foods will have 11 stores in Garner, Cary, Raleigh, Clayton and Apex."
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