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Iconic for decades, time running out for Kodak, (NYSE: EK)
Film sales were dying, and Kodak slashed its dividend by 70 percent, hoping to gain flexibility as it beefed up spending on commercial and inkjet printers, medical imaging devices and other digital systems. It stopped investing in traditional consumer
Updated: 09/30/2011 08:11P
Kodak denies bankruptcy plan but shares plummet (Reuters)
(Reuters) Eastman Kodak Co shares lost more than half their value on Friday as the company hired a law firm well-known for bankruptcy cases, triggering speculation that the photography pioneer could file for bankruptcy. Kodak, which delivered the first
Updated: 09/30/2011 08:09P
Kodak Shares Fall on Bankruptcy Fears
After 131 years in business, Kodak finds itself on shaky ground largely because of the shift to digital cameras. That change, coupled with tougher foreign competition, has undercut sales of the film that made Kodak famous. To survive, the company has
Updated: 09/30/2011 08:08P
Iconic for decades, time running out for Kodak
In recent years the company has relied on licensing of patents related to photography and printing, as well as sales of commercial and consumer printing systems. In July, Perez said Kodak would sell part of its patent portfolio, which is estimated to
Updated: 09/30/2011 08:05P
Frank McCourt, Bud Selig likely to testify
Blog A Delaware bankruptcy judge is expecting baseball commissioner Bud Selig and Los Angeles Dodgers owner Frank McCourt to testify at a hearing that could determine the fate of the team. In a sharply worded order Friday, the judge scheduled four days
Updated: 09/30/2011 07:56P
Tepco faces 'zombie' future as claims mount
The government is trying to avert the bankruptcy of a utility that supplies power to 29 million customers as it pays for the worst nuclear disaster in 25 years. "Significant financial resources for compensation can be extracted if they liquidate Tepco
Updated: 09/30/2011 07:55P
Kodak Hires Lawyers, Weighing Bankruptcy Filing
Eastman Kodak, the troubled camera maker, is considering a possible filing for bankruptcy, according to a person briefed on the matter. The company has also hired law firm Jones Day to assist on a possible
Updated: 09/30/2011 07:52P
The Madoff Curve Ball
Irving Picard, the court-appointed bankruptcy trustee charged with unwinding the Big Con and recovering money for the victims, claims that the Wilpon-Katz families and their investment partnership knew or should have known that Madoff was a crook.
Updated: 09/30/2011 07:50P
Before the Cheap Digital Camera, There Was the Kodak Funsaver
Despite teetering on the verge of bankruptcy, Kodak will forever be legend. Slides! Kodachrome! Advantix! In the 2000s, they morphed into a maker of easy-to-use digital cameras and pocket camcorders. But looking back, there's one product more indelible
Updated: 09/30/2011 07:47P
Kodak say no on filing bankruptcy shares rise to $1.15 in after-hours trading
Rochester, NY (Peter H. Scrooby) - Eastman Kodak's stock plummeted below $1 a share Friday after Bloomberg News and The Wall Street Journal reported Eastman Kodak was considering filing bankruptcy after current financial struggles.
Updated: 09/30/2011 07:45P
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