93.9 WKYS Listen Live Banner
93.9 WKYS Featured Video
CLOSE

Eastman Kodak Co, which invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection, ending a lengthy plunge for one of America’s best-known companies. The more than 130-year-old photographic film pioneer also obtained a $950 million, 18-month credit facility from Citigroup to keep it going. The loan and bankruptcy protection from U.S. trade creditors may give Kodak the time it needs to find buyers for some of its 1,100 digital patents, the key to its remaining value, and to reshape its business while continuing to pay its 17,000 workers.

More From KYSDC