News Byte
Lauren Goode in News on February 9 at 6:56 am PT
Eastman Kodak Company has said it will stop making digital cameras, pocket video cameras and digital picture frames in the first half of 2012, in an effort to achieve annual operating savings of more than $100 million. Rochester, N.Y.-based Kodak says it plans to expand its current brand-licensing program instead, and that it will continue to produce retail-based photo kiosks, inkjet printers, online photo gallery and apps, and camera batteries and accessories. The announcement comes a few weeks after the iconic camera company filed for Chapter 11 bankruptcy protection.
Ina Fried in News on January 18 at 9:29 pm PT
Struggling camera maker Kodak said on Wednesday night that it has filed for Chapter 11 reorganization.
Mike Spector, Reporter, The Wall Street Journal in Commerce on July 18, 2011 at 2:30 pm PT
Borders Group Inc. said it would liquidate after the second-largest U.S. bookstore chain failed to receive any offers to save it.
Borders, which employs about 10,700 people, scrapped a bankruptcy-court auction scheduled for Tuesday amid the dearth of bids.
Ina Fried in News on June 30, 2011 at 10:48 pm PT
The networking company, which is currently in bankruptcy proceedings, said late Thursday that it will receive $4.5 billion from a consortium of tech companies made up of Apple, EMC, Ericsson, Microsoft, Research In Motion and Sony.
The patent collection includes some 6,000 patents including key patents in the areas of wireless and networking.
Mike Spector, Reporter, The Wall Street journal in News on April 1, 2011 at 8:42 am PT
Dish Network Corp., the satellite-television company controlled by Charlie Ergen, and billionaire investor Carl Icahn have each submitted bids for Blockbuster Inc. ahead of a bankruptcy court auction next week, said people familiar with the matter.
Jung-Ah Lee, Reporter, The Wall Street Journal in News on March 31, 2011 at 5:30 am PT
South Korea’s SK Telecom Co. is considering a bid for movie-rental chain Blockbuster Inc., which filed for bankruptcy court protection last year, an official at the Korean mobile operator said Thursday.
Arik Hesseldahl in Enterprise on March 25, 2011 at 6:30 am PT
Microsoft has paid $7.5 million to buy a block of 666,000 IP addresses from the bankrupt networking company Nortel. With IP addresses scarce, it’s probably not the last time we’ll see a deal like this.
