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Eastman Kodak Hires Law Firm for Restructuring Advice (EK)
However, the company said that it has no plans to file for bankruptcy protection. The hiring of Jones Day indicates that the company is increasing its efforts to make sure it is financially capable of completing a strategic transformation.
Updated: 10/01/2011 09:03A
S&P 500 Index in Quarterly Drop of 14%; Kodak Plunged 52%
Eastman Kodak is said to weigh bankruptcy and sell patent portfolio. US and global indexes plunged after the weak economic data overshadowed the market sentiment. Resurgent inflation in Europe, weak retail sales in Germany and weak manufacturing gauges
Updated: 10/01/2011 08:47A
Kodak Bankruptcy Rumored, Shares Plummet Despite Denial
Following a report in the financial paper the Wall Street Journal that film and camera company Kodak was seeking legal counsel regarding restructuring, shares of the brand went into free-fall on Friday. At the closing bell, Kodak shares had fallen 54%
Updated: 10/01/2011 08:40A
Kodak Says It Will Not File for Bankruptcy Protection
Kodak shares tumbled by more than half their value Friday after the company hired law firm Jones Day, which is known for handling bankruptcy cases. The Rochester, NY-based company on Monday tapped a credit line for $160 million.
Updated: 10/01/2011 08:25A
Four Clean Energy Projects Get Loans
The $18-billion loan guarantee program has come under fire since the bankruptcy of Solyndra and accusations that the Department of Energy rushed the company's approval. But the DOE approved four more projects before the program's midnight expiration.
Updated: 10/01/2011 08:24A
Crystal Cathedral Bankruptcy: 'Miracle Faith Offering' Drive Falls Short
The bankruptcy sale of Crystal Cathedral, the glass-walled Orange County church known for its "Hour of Power" broadcasts, has touched off a bidding war between a Roman Catholic diocese and a local university. The church's ministry, meanwhile,
Updated: 10/01/2011 07:40A
Solyndra witch hunt halts world's largest residential solar project
The push to do something -- anything -- to make government investments in clean energy look bad after the Solyndra bankruptcy is hindering the development of some major job-creating solar projects. The most recent victim is SolarCity, a solar-services
Updated: 10/01/2011 07:04A
Kodak shares plummet amid bankruptcy fears
Kodak workers enter corporate headquarters in Rochester, New York, in this January 22, 2004 file photo.(Reuters) Kodak had already scared markets on Monday when it tapped a credit line but refused to divulge its cash position.
Updated: 10/01/2011 06:41A
Judge: Papa John's employees will be paid
MINNEAPOLIS - A bankruptcy court judge has ruled to unfreeze funds to pay the employees of Papa John's restaurants in Minnesota and Colorado. The franchisee owner of approximately 30 Papa John's in Minnesota and about 40 in Colorado had filed for
Updated: 10/01/2011 06:31A
Eastman Kodak Bankruptcy: In Search Of The Least Bad Outcome
A 1995 Fortune article highlighted issues facing Kodak that are depressingly familiar today: managing a mature business in decline, building a business around digital imaging, right-sizing the cost structure. The difference is that in 1995 Kodak had
Updated: 10/01/2011 06:25A
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