Hard to believe

Bankrupt Eastman Kodak announced on Sept. 10, it will cut 1,000 additional jobs by the end of 2012 and may cut more.  Kodak, which invented the digital camera but struggled with adjusting to the digital age, has also auctioned 1,100 of its patents to raise funds to repay money borrowed to finance its bankruptcy.

( José M. Osorio/ Chicago Tribune / September 10, 2012 )

Bankrupt Eastman Kodak announced on Sept. 10, it will cut 1,000 additional jobs by the end of 2012 and may cut more. Kodak, which invented the digital camera but struggled with adjusting to the digital age, has also auctioned 1,100 of its patents to raise funds to repay money borrowed to finance its bankruptcy.

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