Kodak will take its online photo hosting service offline July 2nd after a federal judge approved the sale of that business to Shutterfly — seemingly the only interested buyer — for $23.8 million. Continue reading…
After filing for bankruptcy in January, Kodak has released its financial report for the first quarter of 2012. Kodak's total revenue was $965 million, a decline of 27 percent from Q1 2011. Among other Continue reading…
Kodak announced plans to sell off its Gallery online business to photo-sharing service Shutterfly last month subject to a stalking horse agreement where other bidders could come in with an offer. It Continue reading…
Things have been looking grim for LightSquared since its ambitions to build a new LTE network were thwarted by the FCC, and now the hedge fund manager behind the company says he is considering a Continue reading…
Kodak has won approval to borrow $950 million to finance its restructuring process, after filing for bankruptcy last month. The confirmation of the funding should allow the company to continue Continue reading…
In the wake of its bankruptcy filing last month, Kodak is reportedly ceasing all production of digital cameras, pocket video cameras, and digital photo frames to focus on photo printing products and Continue reading…
After a long decline, Kodak is filing for Chapter 11 bankruptcy. The company had $5.1 billion in assets and $6.75 billion in debt as of September 30th, 2011, and its remaining value is mostly in Continue reading…
Apparently Eastman Kodak's bankruptcy filing this week wasn't a surprise to anyone: just hours after Kodak filed in New York, Apple sought authority from the court "to enter into a $950 million Continue reading…
Patent lawsuits won't save Kodak from an overhaul, it seems: as predicted, the photography company just announced that it's filed for bankruptcy. Kodak says it's voluntarily filed for Chapter 11 Continue reading…
It sounds like Kodak's long, slow decline is about to end in bankruptcy: The Wall Street Journal is reporting the company plans to file for Chapter 11 bankruptcy protection in the next few weeks if Continue reading…
