
ROCHESTER, N.Y., Sept. 29 (UPI) -- Turnaround plans filed in bankruptcy court in Rochester, N.Y., have struggling firm Eastman Kodak downsizing further.
Court papers indicate the company intends to abandon its desktop printer business in 2013, despite the point that it was once expected to carry the company that has been struggling to find a new focus after decades as one of the world's leading camera film companies.
The shift to digital cameras clobbered Kodak.
The New York Times reported Saturday the new focus for the company is expected to be commercial printers and service, as it walks away from its desktop line that was designed for small businesses and home use.
The move is expected to cost the company $90 million and add 200 more jobs to the total of 3,700 jobs already lost in the restructuring.
|
|
|
|
|
|
| Additional Business News Stories | |
WASHINGTON, May 21 (UPI) --
A member of Congress who led an investigation into the BP oil spill in 2010 expressed outrage that a judge threw out a charge against a former BP executive.
|
MUSCAT, Oman, May 21 (UPI) --
The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption