Eastman Kodak (EK) shares rose 6.7% after a U.S. International Trade Commission judge rules, Eastman Kodak did not infringe Apple‘s (AAPL) patented technology for digital cameras.
The ITC Judge's decision still must be approved by the ITC's six-member commission. Apple filed its case in April 2010, about three months after Kodak accused Apple and BlackBerry maker Research In Motion Ltd. (RIMM) of infringing a patent related to ways of previewing images.
The full ITC will either uphold or reject the administrative law judge's decision. That ruling is due on September 19. Kodak settled similar patent disputes with LG and Samsung in 2009 and 2010. Kodak expects to generate $250 million to $350 million in revenue each year through 2013 from its licensing agreements.
In another news, London Stock Exchange Group PLC (LSE) said that its fiscal-year net profit rose 68% to $246.9 million as revenue grew 7.4%. ThyssenKrupp AG (TKA) reported second-quarter net income rose to $387 million, versus €206 million last year. EADS (EAD) first-quarter net loss of $17 million from a year-earlier profit of 103 million euros, while revenue rose 10% to 9.85 billion euros. Credit Agricole SA (ACA) first-quarter net profit jumped to 1 billion euros ($1.42 billion) from 470 million euros as revenue grew 10% to 5.3 billion euros.
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