Reuters: Bankruptcy News: UPDATE 1-Market Chatter - Corporate finance press digest

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UPDATE 1-Market Chatter - Corporate finance press digest Aug 24th 2012, 05:49 Fri Aug 24, 2012 1:49am EDT Aug 24 (Reuters) - The following corporate finance-related stories were reported by media on Friday: * Eastman Kodak is putting two of its businesses up for sale to satisfy creditors as it struggles to emerge from its Chapter 11 bankruptcy reorganisation. * Best Buy Co Inc and founder Richard Schulze have resumed talks about a potential buyout of the struggling electronics retailer which named a new chief executive on Monday, two people familiar with the matter said. * Gina Rinehart, Asia's richest woman, failed to cut her stake in struggling Australian publishing company Fairfax Media , with investors shunning her offer to sell about 5 percent of the company, media reported on Friday. * Britain's No. 2 insurer Aviva Plc may cut as many as 800 jobs at its UK business in a cost-cutting drive, media reported. * Supervalu Inc's advisers are asking potential buyers to bid for the entire business, even as several suitors have inquired about individual parts of the U.S. grocery company, Bloomberg News reported.

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