Voices

LightSquared Files for Chapter 11 Bankruptcy

LightSquared Inc. filed for Chapter 11 bankruptcy protection Monday, hours ahead of the expiration of a deal to keep hedge-fund manager Philip Falcone’s venture from defaulting on its debt.

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LiqhtSquared Moves Toward Bankruptcy

Hedge-fund manager Philip Falcone’s LightSquared Inc. venture is preparing for a potential bankruptcy-protection filing, as negotiations with lenders to avoid a potential default faltered, according to people familiar with the matter.

News Byte

Kodak Selling Online Photo Business to Shutterfly for $23 Million

On the heels of filing for bankruptcy and saying it would stop making cameras, Eastman Kodak said today it would sell its Kodak Gallery online photo services business to Shutterfly for $23.8 million. Users’ photos will be transferred to Shutterfly’s site.

So It’s the Kodak Strategy for Yahoo — The Last Refuge of the Vaguely Patented

In poking Facebook, Yahoo might now learn what it is really like to be de-friended.
kodak_logo

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Elpida Files for Bankruptcy Protection

Chip maker Elpida Memory Inc. of Japan filed for bankruptcy protection on Monday, in the largest corporate failure among the nation’s manufacturers since the end of World War II.

News Byte

Kodak to Stop Making Cameras

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.

Not a Kodak Moment: Legendary Camera Maker Files for Bankruptcy Protection

Struggling camera maker Kodak said on Wednesday night that it has filed for Chapter 11 reorganization.
kodak film

Voices

Kodak Preparing for Chapter 11 Filing

Eastman Kodak Co. is preparing for a Chapter 11 bankruptcy-protection filing in the coming weeks should efforts to sell a trove of digital patents fall through, people familiar with the matter said.

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Borders to Shut Down

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.

SCO: It Lives Again!

Sirius Kicking Butt in 2010

SCO: We’ll Live to Sue Another Day