(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, the century-old company that brought photography to the masses, filed for bankruptcy early Thursday after years of failing to keep pace with the digital age. Two of Eastman Kodak'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 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 best-known companies. 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 best-known companies. Tags: photography, pioneer, kodak, files, for chapter 11 bankruptcy protection. By Josh Ong Wednesday, January 18, 2012, 10:45 pm PT (01:45 am ET) Unable to maintain a steady supply of money from its 's market value has sunk well below $200 million from $31 billion 15 years ago, when its share price topped $94. The shares began trading on Thursday on the Pink Sheets. (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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