19 Jan '12, 6am

Kodak files for bankruptcy

NEW YORK - Eastman Kodak filed for bankruptcy today in a bid to survive a liquidity crisis after years of falling sales related to the decline of its namesake film business. The once-iconic photographic film pioneer, which had tried to restructure to become a seller of consumer products like cameras, said it had also obtained a US$950 million (S$1.2 billion), 18-month credit facility from Citigroup to keep it going. "The board of directors and the entire senior management team unanimously believe that this is a necessary step and the right thing to do for the future of Kodak," Chairman and Chief Executive Antonio M Perez said in a statement. Kodak said that it and its US subsidiaries had filed for Chapter 11 business reorganisation in the US Bankruptcy Court for the Southern District of New York. Non-US subsidiaries were not covered by the filing, it added.

Full article: http://www.todayonline.com/Business/EDC120119-0000143/Kod...

Tweets

US camera pioneer Kodak files for bankruptcy

US camera pioneer Kodak files for bankruptcy

channelnewsasia.com 19 Jan '12, 7am

NEW YORK: The century-old US camera pioneer Eastman Kodak, which brought photography to the masses, filed for bankruptcy e...

Kodak files for bankruptcy, secures $1.2b

straitstimes.com 19 Jan '12, 9am

Eastman Kodak said early on Thursday Jan 19, 2012 it has filed for Chapter 11 bankruptcy protection, as it seeks to boost ...

Eastman Kodak files for bankruptcy.

digitimes.com 21 Jan '12, 10pm

"Chapter 11 gives us the best opportunities to maximize the value in two critical parts of our technology portfolio: our d...

Asia Optical, Altek impacted by Kodak bankruptc...

digitimes.com 20 Jan '12, 10am

Asia Optical has suffered a total loss of NT$1.032 billion (US$34.4 million) from the bankruptcy, consisting of overdue pa...

Kodak edges toward bankruptcy

Kodak edges toward bankruptcy

channelnewsasia.com 06 Jan '12, 6am

NEW YORK: Eastman Kodak, the company which brought photography to the masses a century ago, faces a gloomy future amid new...

Kodak nears bankruptcy--the pundits weighed in,...

eetimes.com 13 Jan '12, 12pm

You're undoubtedly seen the news that legendary company and iconic brand Kodak is in serious trouble, and may even file fo...

Asia Optical and Altek confirm financial impact...

digitimes.com 20 Jan '12, 6pm

Asia Optical has suffered a total loss of NT$1.032 billion (US$34.4 million) from the bankruptcy, consisting of overdue pa...

Kodak goes down but its numerous Domain Names a...

domaingang.com 19 Jan '12, 5pm

top domain research tool, ZFBot , there are 88 domains owned by Kodak – and numerous trademark violations squatted upon by...

Kodak Switching from Camera Film to Thin-Film S...

ecogeek.org 20 Jan '12, 9pm

to develop and produce flexible, thin-film solar cells made of nanotubes that could match the efficiency of conventional s...