Eastman Kodak

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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,...

Kodak Was Baffled by Damaged Film. The Truth Lay Far, Far Away

Company agreed to keep the problem quiet

(Newser) - In the summer of 1945, Eastman Kodak began fielding complaints from businesses who bought its X-ray film—it was spotted and unusable. A perplexed company physicist named Julian Webb began digging into the problem, and a feature at Popular Mechanics recounts how he ultimately traced it to an unexpected source:...

Kodak's New Project: Clothes That Won't Get Smelly

The key: embedded silver

(Newser) - Kodak knows silver—the element's use in film made the company one of the top silver consumers worldwide. Kodak is a printing company these days, but it's got a new use for silver: making clothing that doesn't get smelly. Even after it's worn "for days...

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...

Google, Apple, Facebook Team Up on Kodak Patents

12-company group buys digital photography patents for $525M

(Newser) - Add "patent fire sales" to the list of things that breed strange bedfellows. A 12-company consortium that includes Apple, Google, Facebook, and Amazon has snapped up $525 million worth of patents on digital photography from bankrupt Eastman Kodak, reports Bloomberg . Longtime Kodak rival Fujifilm and Blackberry maker RIM also...

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...

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...

Why Is Kodak Going Bust? Blame Rochester

WSJ essayist thinks hometown held back the company

(Newser) - Kodak is on the brink of going belly up, and the prevailing wisdom says that the company missed the boat on digital cameras and smartphones. "Rubbish!" writes Rich Karlgaard, who will after today be persona non grata at the local chamber of commerce, in the Wall Street Journal...

Kodak Might File for Bankruptcy
Kodak Might File
for Bankruptcy

Kodak Might File for Bankruptcy

Once-mighty photography company is burning through cash

(Newser) - An American icon might soon go bust. The Wall Street Journal reports that Kodak is preparing to file for Chapter 11 bankruptcy protection. The former photography giant is trying to stave that off but is caught in a kind of Catch-22 noted by the Journal: It wants to avoid bankruptcy...

Obama's Job-Creation Team Full of Job Cutters

Advisers from Xerox, Kodak have laid off thousands

(Newser) - Tomorrow, President Obama will meet with his council of advisers on job creation; trouble is, many of its members seem to know more about cutting jobs than adding them. The head of American Express, for example, was appointed to the council days after AmEx cut 550 jobs—despite the firm...

We'll Miss You, Kodachrome
 We'll Miss You, Kodachrome 

We'll Miss You, Kodachrome

The photos had a sort of poetry about them

(Newser) - The last frames of Kodachrome film have largely been developed, yet another milestone in the transition from analog to digital, but this is no cause for celebration for Matt Zoller Seitz. Kodachrome photos had "something truly special" about them, he writes at Salon . "The dyes and emulsions produced...

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...

Ads Tap Into US Bitterness
 Ads Tap Into US Bitterness 

Ads Tap Into US Bitterness

Commercials get angry at CEOs, uppity lifestyles

(Newser) - Seeking to key into the national mood, the latest spots from Madison Avenue are uncharacteristically angry, the New York Times reports. “We’re turning up the volume in relation to what our customers are feeling,” says the marketing head at Kodak, whose new printer ads slam the “...

Moody's Names 283 Companies Likely to Default

(Newser) - Credit-ratings agency Moody’s Investors Service today released what it calls “The Bottom Rung,” a list of 283 companies—15% of all those it tracks—it says are most likely to default on their debts. Moody’s has been widely lambasted for failing to catch the credit problems...

226-Point Sell-Off Erases Rally
 226-Point Sell-Off Erases Rally 

226-Point Sell-Off Erases Rally

Nervousness builds ahead of January job report

(Newser) - Widespread layoffs and poor housing data spurred a sell-off in stocks that saw the Dow give back yesterday’s gains and more, MarketWatch reports. Weekly jobless claims rose 159,000 and new layoffs were announced at Allstate and Eastman Kodak, stoking fear ahead of next Friday’s January employment report....

Stocks Bounce on Bailout Hope
 Stocks Bounce on Bailout Hope 

Stocks Bounce on Bailout Hope

Dow up about 90

(Newser) - Stocks took a modest bounce this morning, as anticipation over an auto bailout outweighed weakness in financials. The Dow rose 116 points, while the Nasdaq and S&P climbed 1% and 1.2% respectively, the Wall Street Journal reports. AIG shares were down 5% premarket after the Journal reported that...

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