Kodak Files for Bankruptcy Protection

Kodak Eastman, the iconic American manufacturer of photographic equipment, has filed for Chapter 11 bankruptcy protection. The move comes after weeks of speculation and rumor suggesting that the 132-year-old company was broke and considering bankruptcy. The bankruptcy petition also comes on the heels of a lawsuit Kodak filed against Apple and HTC claiming that the two companies' smartphones infringed on Kodak's patents for transmitting images over cell networks.
Kodak Files for Bankruptcy Protection