Former trailblazer Kodak files for Chapter 11

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 ...

Tribune leaves bankruptcy after 4 years

(AP)—Tribune Company says it has emerged from a Chapter 11 restructuring more than four years after the media company sought bankruptcy protection.

FairPoint phone company files for bankruptcy

(AP) -- Telecommunications services provider FairPoint Communications filed for Chapter 11 bankruptcy protection Monday after agreeing on a deal with key lenders that will help lower its debt by about 62 percent.

Kodak patent deemed invalid in fight with Apple-RIM

A US judge on Monday said a Kodak patent allegedly infringed upon by Apple and Blackberry-maker Research In Motion (RIM) was not valid, dealing another blow to the struggling photography pioneer.

LA Times, Washington Post breaking up news service

(AP) -- The Los Angeles Times and The Washington Post are breaking up their news service after 47 years, making it the latest casualty of the media upheaval driven by the array of alternative information and entertainment ...

Blockbuster files for bankruptcy

US video rental giant Blockbuster declared bankruptcy Thursday, falling victim to digital delivery of movies by Netflix and kiosk outlets such as Redbox.

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