Report: Kodak to file for Chapter 11
ROCHESTER, N.Y. — Rumors are swirling that Kodak moments may be no more.
According to published reports, the more-than-one-century-old company is looking to seek bankruptcy protection. The Wall Street Journal reported that could file for Chapter 11 bankruptcy this month or in early February and that Kodak was scrambling to sell some of its patents, though a Kodak spokesperson told the publication that "does not comment on market rumor or speculation."
In December, the company announced the sale of its Eastman Gelatine subsidiary.
Meawhile, Kodak earlier this week said that it received a continued listing standards notice from the New York Stock Exchange because the average closing price of the company’s common stock was less than $1 per share over a period of 30 consecutive trading days. On Wednesday, Kodak announced it would release its fourth-quarter earnings on Jan. 26.
Costco reports December sales
ISSAQUAH, Wash. — Net sales for Costco rose 9% in December to nearly $10.1 billion, the company announced Thursday.
The company also reported that U.S. comparable-store sales and international comps rose 7$ and 9%, respectively, during the five-week period. Excluding gasoline price increases and a slightly negative impact of foreign-currency translations, the quarter’s same-store sales rose 7%, Costco noted.
Costco currently operates 598 warehouses, including 433 in the United States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United Kingdom, 11 in Japan, eight in Taiwan, seven in Korea and three in Australia.
Walmart places the pitchman on the shelf alongside the product
YOCUMTOWN, Pa. — Walmart featured this talking shelf touting the benefits of a quit-smoking program in the first week of 2012 in this new store just outside of York, Pa. The endcap, located in the pharmacy area, was facing the main aisle dividing the grocery sector from the rest of the store. Across the aisle, another shelf-cum-video featured the benefits of Quaker Oats for those resolving to eat better in 2012.
Other endcaps featuring video displays were located throughout the store — and while the sound was soft, the video displays were certainly attention-grabbing.