Eastman Kodak has filed for chapter 11 bankruptcy in New York.
For months, shares of the ubiquitous film company have been under immense pressure as traders speculated the company would soon file for bankruptcy. This speculation was amplified on September 30, when the Wall Street Journal reported that Kodak had hired Jones Day for restructuring advice. This move reaked of bankruptcy….
Read more: http://www.businessinsider.com/kodak-bankruptcy-19-2012-1#ixzz1jt7sxbIH
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