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Fading Moment for Bankrupt Eastman Kodak
Even after a Fantastic failure to re-invent itself over the last decade, Eastman Kodak, the iconic film manufacturer, is forcing down its current strategy for rejoining the ranks of leading technology companies. Eastman Kodak filed for bankruptcy protection early Thursday morning, trying to follow the path of similar American corporations that have reinvented themselves after a court-supervised reorganization.
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Eastman Kodak moves towards bankruptcy, hires Jones Day.
Eastman Kodak Co’s move to hire law firm Jones Day triggers a speculative wave in the stock market that photography giant might look at the option of filing for bankruptcy, leading to a huge plunge in Kodak’s share prices.
