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Bankrupt Kodak cuts retirement benefits
AFP - Eastman Kodak will be scaling back benefits paid to retirees as part of a restructuring program aimed at pulling the century-old photography pioneer out of bankruptcy. Medical, dental, life insurance and survivor income benefits, which were costing the company $10 million per month, will be terminated at the end…
Bankrupt Kodak drops name from Oscars theater
The theater that has hosted the US Academy Awards for the last decade will no longer bear the Kodak name as a result of the iconic company’s bankruptcy. A bankruptcy court on Wednesday approved Kodak’s request to cancel its contract with the theater, ruling that it was “in the best…
Bankrupt Kodak asks to pull name from Oscars theater
The century-old photography trailblazer Eastman Kodak has filed a request to pull its name from the Los Angeles theater hosting the Oscars as part of bankruptcy proceedings launched last month. The request filed at a New York bankruptcy court on Wednesday asks for the cancelation of a contract signed in…
US camera pioneer Kodak files for bankruptcy
The century-old US camera pioneer Eastman Kodak, which brought photography to the masses, filed for bankruptcy early Thursday after years of failing to keep pace with the digital age. “The Board of Directors and the entire senior management team unanimously believe that this is a necessary step and the right…
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