The Wall Street Journal is reporting that "Eastman Kodak Co. filed for Chapter 11 bankruptcy protection in New York early Thursday morning, after the struggling photography icon ran short on cash needed to fund a long-sputtering turnaround".
Story here (subscription to WSJ required) -
http://online.wsj.com/article/SB1000...031456052.html
LA Times article here (no subscription required) -
http://www.latimes.com/business/la-f...,4330047.story
Hopefully they will pull out of it.