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Eastman Kodak

EastmanKodak is looking at layoffs and taking other steps following the release of its 3rd quarter earnings report on Wednesday.

Kodak is reporting a $46 million loss and sales were down about 8 percent from a year ago.

Some of the results were impacted by the company exiting a certain product line.

Kodak CEO Jeff Clarke said in the quarterly release that an overall print market slowdown and rising aluminum costs have impacted the company’s commercial print business.

George Eastman Museum

A woman who wrote what a lot of people consider to be a definitive biography of George Eastman has died at age 84. Elizabeth Brayer was well known in the Rochester cultural community. She died on Wednesday.

Brayer wrote a more than 600 page biography that was first published in 1996, and reprinted a decade later.

Kathy Connor is the Eastman Legacy Curator at the George Eastman Museum and she was also a good friend of Brayer’s.  She worked closely with Brayer, who did a lot of her research at the museum as well as at Kodak. 

Kodak is releasing its 2016 corporate responsibility report, which sets goals for environmental and social responsibility.

The company has set 10 goals it wants to reach by 2025. They include approaching zero waste at Kodak Sites worldwide, diverting waste from landfills and incinerators, and further reducing greenhouse gas emissions and water consumption.

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Kodak officials lit up a new marquee and digital sign Thursday night at Kodak Center Theater on West Ridge Road in Rochester.

As WXXI News reported last week, it’s part of a push overall by Kodak to make a number of changes to Eastman Business Park and the surrounding neighborhoods.

The name, Kodak Center, was shortened from Kodak Center for the Performing Arts. And before that, it used to be known as Theater on the Ridge.

Eastman Kodak

Kodak officials are working with other organizations, planning a number of changes for Eastman Business Park and the surrounding area.

Next week, the former Theater on the Ridge, recently called the Kodak Center for the Performing Arts, will unveil a new marquee and digital display.  And with that, Kodak says there is a slight name change for that theater: It will now just be known as Kodak Center.

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Kodak is teaming up with a California skateboard company.  The Rochester company is working with Girl Skateboard Co. on a new product line centered around the Kodak brand.

The new collection includes skateboards, wheels and apparel featuring Kodak color schemes, film stocks, and logos mixed with the Girl Skateboard company’s logo and branding.

Kodak is looking for ways to better utilize its headquarters building.

As the company has gotten smaller over the years, so has the amount of space it has needed in the iconic State Street building in Rochester.

So now, the company is marketing the tower and related space as a location that other companies could lease, perhaps for their own headquarters.

Dolores Kruchten is President of Eastman Business Park, and she says the amenities that the Kodak Headquarters building has are what sets them apart from some other office space in the area.

www.kodak.com

Eastman Kodak and the Bullitt Group announced on Tuesday that the company’s new Kodak EKTRA Smartphone has been released for sale in the United States.

The phone was already released in Europe last December. The phone is being manufactured by UK-based Bullitt Group.

The companies say the U.S. launch coincides with a software update addressing requests from photo-enthusiast consumers, including RAW support, improved auto-focus performance and optimizations to auto-white balance and color saturation.

The device lists at a retail price of $399.99.

Eastman Kodak says it expects to incur restructuring charges of $12 million to $17 million as part of an effort to streamline costs in its Prosper commercial inkjet business.

In a financial filing, Kodak said that $5 million to $7 million of those charges are related to separation benefits.

A spokesperson for Kodak didn’t have details on possible layoffs, but did note that the U.S. operations of the Prosper business are primarily located in Dayton, Ohio.

 

 

Kodak announced Wednesday it will take longer than originally expected to sell its commercial inkjet business called Prosper.

Back in March, the company said that business has a lot of potential, but it would be better served by a company with a larger sales and distribution network.

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