It's only January 10th and Kodak's already having a terrible year: six days ago the beloved photography company was preparing for Chapter 11, but today its stock price leapt by 45 percent (and counting). The cause? The announcement of a new plan intended to pull the troubled company into the 21st century and, more importantly, into the black. It's planning to simplify its business structure down to two divisions and reduce costs while pushing its successful range of printers. We've got the announcement after the break but hopefully we'll see the century-old company live to see another day.
Continue reading Kodak's stock price exploded after restructuring announcement
Kodak's stock price exploded after restructuring announcement originally appeared on Engadget on Tue, 10 Jan 2012 17:03:00 EDT. Please see our terms for use of feeds.
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