(Reuters) – Eastman Kodak Co, the photography icon that invented the hand-held camera, has filed for bankruptcy protection and plans to shrink significantly, capping a prolonged plunge for one of America’s best-known companies. The Chapter 11 filing makes Kodak one of the biggest corporate casualties of the digital age, after it failed to quickly embrace more modern technologies such as the digital camera — ironically, a product it invented. Kodak once dominated its industry, and its film was the subject of a popular 1973 song, “Kodachrome,” by Paul Simon. …

Quoted from Photography pioneer Kodak files for bankruptcy on Gadgets News Headlines – Yahoo! News

Eastman Kodak Co, the photography icon that invented the hand-held camera, has filed for bankruptcy protection and plans to shrink significantly, capping a prolonged plunge for one of America's best-known companies. Eastman Kodak has filed for bankruptcy in a bid to survive a liquidity crisis after years of falling sales related to the decline of its namesake film business. Eastman , the century-old company that brought to the masses, filed for bankruptcy early Thursday after years of failing to keep pace with the digital age. Photography pioneer Kodak files for Eastman Co, the icon that invented the hand-held camera, has filed for bankruptcy protection and plans to shrink significantly, capping a prolonged plunge for one of America's Tags: photography, pioneer, kodak, files, Two of Eastman 's most successful cameras, a Brownie Special Six-20 (L), circa 1938-1942, which sold for $4, and the Pocket Instamatic 20 (R), which sold for about $28 in 1972, are shown By Liana B. Baker and Jonathan Stempel. The Chapter 11 filing makes one of the biggest corporate casualties of the digital age, after it failed to quickly embrace more modern technologies such as the (Reuters) - Eastman Co, the icon that invented the hand-held camera, has filed for bankruptcy protection and plans to shrink significantly, capping a prolonged plunge for one of

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