A Picture is Worth a Thousand Words; Kodak Filing for Bankruptcy

Kodak filing for bankruptcy

It is a sad time for film lovers. Wall Street is a flutter with rumor that Kodak may soon file for bankruptcy. Those rumors indicate the film giant has hedged its bets on a “Hail Mary” that might save the company from Chapter 11–specifically, several billion dollars’ worth of patents–but that the company is prepping

American Airlines: Not Too Big to Fail

american airlines files for bankruptcy

The last domino has fallen. American Airlines, the last of the previous generation of top airlines not to file for bankruptcy, caved in last week and filed for chapter 11 protection. Analysts cite a history of high costs, inefficient operation, and an overall lack of flexibility in a changing business environment. America’s third largest carrier now faces

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