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News tagged with bankruptcy

Kodak to stop making cameras, digital frames

Kodak says it will stop making digital cameras, pocket video cameras and digital picture frames in order to focus on its more profitable businesses.

Technology / Business

created Feb 09, 2012 | popularity 5 / 5 (1) | comments 2

Kodak gets 2013 deadline to reorganize

(AP) -- Eastman Kodak Co. has obtained a bankruptcy judge's approval to borrow an initial $650 million from Citigroup Inc. to keep operations running while it peddles a trove of digital-imaging patents.

Technology / Business

created Jan 20, 2012 | popularity not rated yet | comments 0

Photo industry mourns Kodak

Photographers, professionals and amateurs alike, are mourning the end of an era after Eastman Kodak, which produced the cameras and film many started hobbies and careers with, filed for bankruptcy.

Technology / Business

created Jan 20, 2012 | popularity not rated yet | comments 0

Former trailblazer Kodak files for Chapter 11

Is Kodak's moment past? The glory days when Eastman Kodak Co. ruled the world of film photography lasted for over a century. Then came a stunning reversal of fortune: cutthroat competition from Japanese firms ...

Technology / Business

created Jan 19, 2012 | popularity 3.5 / 5 (2) | comments 5

Kodak restructures amid bankruptcy battle

US photography giant Eastman Kodak, fighting to keep bankruptcy at bay, announced Tuesday a major restructuring to speed up its transformation into a digital company.

Technology / Business

created Jan 10, 2012 | popularity 5 / 5 (1) | comments 0

Breast implant maker used non-approved gels: lawyer

The founder of the French firm that made breast implants feared to be at risk of rupturing has admitted using non-approved but non-toxic silicone gels, his lawyer said Tuesday.

Medicine & Health / Other

created Dec 27, 2011 | popularity not rated yet | comments 0

Kodak patent ruling delayed amid cash worries

A U.S. arbiter for trade disputes is delaying a ruling on Eastman Kodak Co.'s high-stakes patent-infringement claim against smartphone makers Apple Inc. and Research in Motion Ltd.

Technology / Business

created Dec 20, 2011 | popularity not rated yet | comments 0

St. Louis Post Dispatch owner files for bankruptcy

Lee Enterprises, one of the largest newspaper chains in the United States, filed for bankruptcy on Monday, the latest victim of the crisis gripping the US newspaper industry.

Technology / Business

created Dec 13, 2011 | popularity not rated yet | comments 0

Kodak hopes to sell online photo-sharing unit: report

Iconic US camera maker Eastman Kodak is seeking to sell its online photo sharing website as the company teeters on the verge of bankruptcy, The Wall Street Journal reported Thursday.

Technology / Business

created Nov 18, 2011 | popularity not rated yet | comments 0

First Solar CEO to step down, shares plummet

(AP) -- The CEO of the nation's largest solar company is out, First Solar announced Tuesday, sending its shares tumbling more than 24 percent.

Technology / Energy & Green Tech

created Oct 25, 2011 | popularity not rated yet | comments 4

Kodak to license laser projection patents to Imax

(AP) -- Eastman Kodak Co. said Sunday that it will license thousands of patents to Imax in a deal that will supply the troubled photography company with millions of dollars.

Technology / Business

created Oct 17, 2011 | popularity not rated yet | comments 0

Infineon says crisis hit earnings in fourth quarter

German computer chip giant Infineon said Friday that high economic uncertainty had hurt its fourth-quarter earnings and would weigh on sales in the coming months as well.

Technology / Business

created Oct 14, 2011 | popularity not rated yet | comments 0

Carlos Slim ups stake in NY Times to 8.1 percent

Carlos Slim, the Mexican magnate believed to be the world's richest individual, has increased his stake in the The New York Times Co. to 8.1 percent, regulatory filings showed Thursday.

Technology / Business

created Oct 07, 2011 | popularity not rated yet | comments 0

Hacked Dutch Internet company declared bankrupt

A Dutch judge granted a bankruptcy filing Tuesday for Internet security company DigiNotar, whose servers were apparently breached by an Iranian hacker in July, its parent company said.

Technology / Internet

created Sep 20, 2011 | popularity 5 / 5 (1) | comments 0

Dish asks FCC to let it build wireless network

(AP) -- Satellite TV broadcaster Dish Network is asking regulators to let it build a wireless broadband network. Having one would let Dish compete more effectively with cable companies that can bundle broadband and TV signals.

Technology / Telecom

created Aug 23, 2011 | popularity not rated yet | comments 0

Bankruptcy

Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).

For more information about Bankruptcy, read the full article at Wikipedia.
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