Archive for September 30th, 2011

Bad news for Eastman Kodak sent us a link to an article which will cause photographers to pause and reflect on the past. The article states among other things that:

NEW YORK (CNNMoney) — Shares of Eastman Kodak dropped almost 60% Friday, with trading halted several times amid rumors that the camera maker has hired a law firm for advice on a major restructuring or bankruptcy filing.

The Wall Street Journal said Friday that Kodak had hired law firm Jones Day for restructuring. Bloomberg said the company hasn’t officially hired a firm yet, but that bankruptcy is among the options being considered.

Kodak: Death of an American icon?

IPAM said in its letter to Kodak’s board that the company’s “long-term performance is simply unacceptable, and as such it has not earned the right to remain an independent company.” It urged Kodak to find a buyer that “has resources to commercialize the company’s intellectual property more efficiently.”

Kodak has been increasingly relying on licensing for revenue. In July, The company also announced it’s exploring the sale of more than 1,100 patents tied to digital imaging. Analysts say that deal could generate as much as $3 billion.

Find the complete article HERE.

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Northwest Central Dispatchers threaten strike

Dispatchers at Northwest Central Dispatch in Arlington Heights are threatening to strike if negotiators fail to reach an agreement for a contract. From the Chicago Tribune:

The Metropolitan Alliance of Police, which represents the Northwest Central Dispatch System’s 70 dispatchers in collective bargaining, issued a strike notice late Wednesday. Unions are required to give employers five days notice, so the earliest a strike would occur is Oct. 6 – unless an agreement is reached before that.

The Tribune article can be found HERE.

The Daily Herald reports that:

“Northwest Central is taking precautionary measures to insure that 9-11 dispatch services will continue without interruption,” said Cindy Barbera-Brelle, executive director of Northwest Dispatch, in an statement. “We have various sources from which to draw in order to continue providing emergency services to the communities we serve.”

Read more:

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