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Kodak

Kodak is reporting its first quarter financial results, and they show a loss of $25 million compared to the same time last year. Revenues were flat, at $357 million.

CEO Jeff Clarke says the company did see strong performance in some of its key segments for commercial printing and packaging.

At Brighton Securities, George Conboy says there may not have been a lot to cheer about in this quarter, but hopefully sales have stabilized and will see increases in the future.

A new documentary called Photo City tells the story of Rochester’s past, present, and future as a hub for photography. It will be screened as part of the One Take Film Fest at The Little Theatre.

The filmmakers are from Ireland, and we talk to one of them about why his team chose Rochester as the subject of the film. We also hear from local photographers and filmmakers who will share their take on Rochester as a photo city. Our guests:

  • John Murphy, co-director, co-writer, and editor of Photo City
  • Arleen Thaler, socially-engaged photojournalist
  • Jack Garner, retired national film critic for Gannett Newspapers
  • Linda Moroney, filmmaker, and director and programmer for the One Take Film Festival

Eastman Kodak is announcing a change in the corporate ranks. The company says that John O’Grady has been named President for the Print Systems Division effective April 24.

O’Grady is currently President of the Consumer and Film Division and he is the former General Manager of World Wide Sales for Print Systems.

Eastman Kodak is reporting earnings for the 4th quarter and all of 2017.

The company is reporting profits of $129 million for the quarter and $94 million for the year overall. But as George Conboy of Brighton Securities points out, that profit is mainly due to the fact the company had a one-time tax benefit of $101 million.

provided photo

There was an historic moment at the Eastman Business Park on Tuesday. Kodak officials marked the arrival of the last train car of coal brought to that plant to fuel its power plant, before the plant’s power system is converted to all natural gas.

The president of the park, Dolores Kruchten, says newer regulations required a major change to be made with the coal-fired plant.

Randy Gorbman / WXXI News

While the Academy Awards were celebrated in Hollywood Sunday night, a number of  Rochesterians were also wearing gowns and tuxedos at the Kodak Center on Ridge Road.

The event was not only to celebrate film, but also raise money for a good cause.

In the latest WXXI Business Report, Randy Gorbman explains how Kodak is trying to tighten up on security measures for its upcoming digital currency, called “KodakCoin”. Plus, we have more on an Ontario County sauerkraut processor closing up shop, and one of the region's oldest manufacturers is changing hands.

After a sharp rise in its stock price a few weeks ago when Kodak announced it was getting into the cryptocurrency area, the company’s share price fell 13% on Wednesday, and another 12% on Thursday, closing at $6.95 a share.

Kodak stock soared Tuesday, rising 119 percent, or $3.70 a share,  closing at $6.80, after the company said it is getting into the digital licensing and cryptocurrency market.

Kodak is partnering with a company  called WENN Digital.

The companies are launching what is known as 'blockchain' technology with the products KODAKOne and KodakCoin. Blockchain is a ledger where transactions of digital currencies, like bitcoin, are recorded.

Kodak is the latest company to enter the cryptocurrency market as Bitcoin makes gains.

  

WXXI's Randy Gorbman talks with officials from Kodak Alaris about the new ‘Kodak Moments’ app which uses a special algorithm to help people organize photos on computers and mobile devices according to which photos are the most meaningful to them.

Also, former Xerox Chairman and CEO Ursula Burns is appointed to the Uber Board of Directors, and we also discuss a local connection to the opening of a new Oakley store at Eastview Mall.

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