Former trailblazer Kodak files for Chapter 11
Thursday, January 19, 2012 - 04:31
in Earth & Climate
Is Kodak's moment past? The glory days when Eastman Kodak Co. ruled the world of film photography lasted for over a century. Then came a stunning reversal of fortune: cutthroat competition from Japanese firms in the 1980s and a seismic shift to the digital technology it pioneered but couldn't capitalize on. Now comes a wistful worry that this icon of American business is edging toward extinction.