18 Stories

Shares Dive After a Tweet About Kodak Loan

SEC is said to be investigating the announcement of the $765M deal

(Newser) - A tweet Friday hit Kodak hard Monday. "Recent allegations of wrongdoing raise serious concerns," the US International Development Finance Corp. posted . "We will not proceed any further unless these allegations are cleared." It was a reference to planned $765 million government loan that would allow Kodak...

Kodak to Help US Reduce Reliance on Overseas Drugmakers

Lands $765M federal loan to help manufacture generic drug ingredients

(Newser) - Eastman Kodak will receive a federal loan of $765 million to help reduce reliance on other countries for ingredients in generic drugs, an agreement President Trump hailed Tuesday as a breakthrough in bringing more pharmaceutical manufacturing to the United States. Kodak Pharmaceuticals will make critical pharmaceutical ingredients that have been...

Kodak Got Its Stock to Triple by Using Some 'Hot Buzzwords'

The one-time film company is creating its own cryptocurrency 'because 2018'

(Newser) - Time was, when flagging companies wanted to appear hip they would give a mascot sunglasses and a skateboard. Well, it appears blockchain and cryptocurrency are the new sunglasses and skateboard. Following on the heels of Long Island Ice Tea Corp., which changed its name to Long Blockchain Corp. in December,...

Camera-Less Kodak Can Exit Bankruptcy

Radically changed company gets judge's OK to emerge from protection

(Newser) - A federal judge has approved Kodak's plan to emerge from bankruptcy protection. Judge Allan Gropper's ruling paves the way for the photography pioneer to emerge from court oversight as a new company focused on commercial and packaging printing. Many of its products and services are now gone, including...

Kodak Couldn't Really Have Made Nuclear Warhead

Physics Central explains that nuclear reactor thing

(Newser) - Much was made of the revelation this week that Kodak once had a nuclear reactor in its basement, with even your humble Newser wondering what sort of nuclear Kodak moments the photo giant might have planned. But in truth, Kodak couldn’t have developed even one nuclear warhead, Physics Central...

In Kodak's Basement: Nuclear Reactor

Imaging giant had enriched uranium in Rochester

(Newser) - Would nuclear war have made a good Kodak moment? Until 2006, the company could have found out: It had 3.5 pounds of weapons-grade uranium stashed in a nuclear reactor in the basement of its headquarters—right in the busy city of Rochester, New York. It remains unclear why the...

Apple Has Killed a Half Million Jobs

BusinessInsider doubts Apple's job-creation claim

(Newser) - Accused of shipping American jobs overseas , Apple reacted by saying it has actually created US jobs— some 514,000 in fact . Now BusinessInsider takes a closer look at the numbers and finds that the tech behemoth has actually eliminated 490,570 positions, nearly the same amount it has created. Here'...

Instagram Should Send Kodak a Thank You Card

Lance Ulanoff of Mashable on the sad fate of a visionary company

(Newser) - Here's an irony for you: Instagram, a company that rose to prominence by adding filters to digital photos to make them look more like they were taken by a film camera, was just sold for $1 billion , while Kodak, the company that brought photography to the masses, is bankrupt...

Kodak Is Done Making Cameras

Yes, including digital ones

(Newser) - It's the end of an era: Eastman Kodak, the company that invented the hand-held camera, announced today that it intends to stop making them in an effort to save money—and yes, that includes digital cameras. It will also stop making pocket video cameras and digital picture frames, reports...

Kodak Files for Bankruptcy
 Kodak Files for Bankruptcy 

Kodak Files for Bankruptcy

Future looks bleak for photography pioneer's workers, retirees

(Newser) - The once-mighty Eastman Kodak company has filed for bankruptcy. The 131-year-old firm, unable to reinvent itself quickly enough for the digital age, filed for Chapter 11 bankruptcy protection this morning after running out of cash to fund its turnaround, the Wall Street Journal reports. The company says it has secured...

Beck Weeps for 'Simpler America'

He recalls kinder, gentler football players

(Newser) - Glenn Beck had a weepy "Kodak moment" when he shared old commercials with viewers yesterday and recalled a "simpler" America when "we used to be united." One of the oldie ads he played—a day after fellow right-wing commentator Rush Limbaugh was bounced from a Rams...

40% of Employers to Hike Health Plan Costs Next Year

Another 8% to drop coverage entirely, survey reveals

(Newser) - Many Americans are happy with their employer-sponsored health care plans and eager to keep them, but they won't be keeping them at the current price, the Washington Post reports. In a survey released yesterday, some 40% of employers said they expect to increase the amount their employees paid for health...

Men Spend a Full Year Ogling Opposite Sex

Males ogle women for a solid year of their lives, study finds

(Newser) - Men check out 10 women every day, spending an average of 43 minutes with their eyes fixated on a member of the opposite sex—adding up to a full year over a lifetime, researchers tell the Sun. A Kodak Lens Vision study found that the wandering eye is not unique...

Kodak Shutters Kodachrome
 Kodak Shutters Kodachrome 

Kodak Shutters Kodachrome

(Newser) - Kodak is discontinuing its storied Kodachrome film line, the company announced today. Introduced in 1935, Kodachrome was the first commercially successful color film, and was immortalized in a Paul Simon song in 1973. But these days it represents less than 1% of Kodak’s film sales, and only one lab...

Finally, a Real Phone Camera
 Finally,  a Real Phone Camera 

Finally, a Real Phone Camera

Picture-perfect phone closes the shutter on camera phone rivals

(Newser) - Adding a camera to a phone isn't exactly a novel concept, but the Motozine ZN5 breaks the mold by making it a proper digital camera instead of a feeble afterthought, David Pogue writes in the New York Times. For quality, he raves, "the ZN5’s photos trump anything offered...

New HD Cameras Don't Cut It
 New HD Cameras Don't Cut It 

New HD Cameras Don't Cut It

Demands of high-definition video overwhelm these digital cameras

(Newser) - Many digital cameras also shoot video, and two new cameras from Kodak and Panasonic take that feature one step further by adding the capability to shoot high-definition footage. At price tags under $500, a fraction of an HD camcorder, the Kodak EasyShare V1073 and Panasonic Lumix DMC-FX500 would seem too...

Post-Yahoo Photo Solutions
Post-Yahoo Photo Solutions

Post-Yahoo Photo Solutions

The WSJ examines the competition

(Newser) - Yahoo is shuttering its popular photo sharing site in September, but never fear—there are plenty of alternative places to dock your digital pics. The Journal surveys the field:
  • Kodak Gallery is the easiest to navigate, but lacks editing tools and requires a yearly purchase commitment.
  • Shutterfly is totally, no-strings-attached

Kodak Sets Sights on Flashless Future

New low-light sensor could snap flagging company out of slump

(Newser) - Kodak showed off a new technology today that enables digital cameras to capture clearer pictures in low light—without a flash. Kodak revealed the innovation just as the enduring photography company finishes up its long and costly transformation to digital and begins to tap into its valuable portfolio of patents.

18 Stories
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