Kodak to exit bankruptcy a different company
BY: Associated Press NEW YORK — Eastman Kodak plans to emerge from bankruptcy protection by the end of September after shedding most of the businesses that turned it into an American icon. The reorganized Kodak will focus instead on commercial imaging and printing, where it believes it can once again become profitable, according to its bankruptcy reorganization plan. [...] |
Kodak to receive $525M from patent sale
BY: Associated Press ROCHESTER, N.Y. — Eastman Kodak will receive about $525 million from the sale of its digital imaging patents, money the struggling photo pioneer says will help it emerge from bankruptcy protection in the first half of next year. The Rochester, N.Y., company filed for bankruptcy protection in January after struggling to adapt to the shift [...] |
Report: Kodak gets patent bid from Apple, Google
BY: Associated Press NEW YORK — Apple and Google, bitter rivals in smartphone technology, have joined up to make a combined bid for a bundle of patents offered by photography pioneer Kodak, according to a published report. Bloomberg News reported Saturday that Apple Inc. and Google Inc. have abandoned competing bids for the portfolio to offer a combined [...] |
Kodak plans to end consumer inkjet printer sales
BY: Associated Press NEW YORK — Kodak said Friday that it plans to stop selling consumer inkjet printers and will eliminate 200 more jobs than previously projected as it requested more time to submit its framework for emerging from bankruptcy protection. The Rochester, N.Y.-based company, which filed for bankruptcy protection in January, wants the court to extend the [...] |
Kodak job cuts continue as it aims to exit Ch. 11
BY: Associated Press NEW YORK — Kodak is reshuffling some executives and continuing to cut jobs as the pioneering photography company tries to emerge from bankruptcy protection. Eastman Kodak Co. said it cut approximately 2,700 employees worldwide since the beginning of the year, and plans to eliminate roughly 1,000 more by 2012′s end. Annual savings from these cuts [...] |
Kodak to stop making cameras, digital frames
BY: Associated Press ROCHESTER, N.Y. — Eastman Kodak Co. said Thursday that it will stop making digital cameras, pocket video cameras and digital picture frames, marking the end of an era for the company that brought photography to the masses more than a century ago. Founded by George Eastman in 1880, Kodak was known all over the world [...] |
Troubled Kodak creates new business structure
BY: Associated Press ROCHESTER, N.Y. — Eastman Kodak Co. said Tuesday that it has realigned and simplified its business structure in an effort to cut costs, create shareholder value and accelerate its long-drawn-out digital transformation. Its depressed shares shot up 30 percent in morning trading. The 132-year-old photography icon has been pummeled by consumers’ switch to digital. Its [...] |
Iconic Kodak fights for its survival
BY: Associated Press ROCHESTER, N.Y. — Buffeted by foreign competition, then blindsided by a digital revolution, photography icon Eastman Kodak Co. is fighting for survival after a quarter-century of failed efforts to find its focus. The 131-year-old company that turned picture-taking into a hobby for the masses and became singularly synonymous with capturing memories has tried to bat [...] |
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Newsmakers – Doug Gansler
Maryland Attorney General Doug Gansler sat down with Daily Record reporters and editors for our latest Newsmakers interview. Gansler spoke about his potential run for governor, the high-profile bills on gun control and the death penalty passed by the General Assembly and the challenges facing his office and the state of Maryland....
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