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Editorial Results (free)

1. From Edison to Gates, failure fuels great minds -

In sales, as in life, many a person throws in the towel after failure, not realizing failure is actually an inevitable outcome of the innovative.

Thomas Edison is reported to have had more than 1,000 failures before finally inventing a practical electric light bulb.

2. Eastman Kodak cutting 70 jobs in Rochester area -

ROCHESTER, N.Y. (AP) — Eastman Kodak says it will cut 70 jobs at its Rochester-area operations as it transitions to a smaller company focused on commercial and packaging printing.

The Rochester-based film and photography pioneer announced Wednesday that it was eliminating 85 positions companywide, including 70 in the Rochester area.

3. Kodak secures up to $895M in financing -

ROCHESTER, N.Y. (AP) — Kodak says it's secured as much as $895 million to fund its operations after it emerges from bankruptcy protection.

J.P. Morgan, Bank of America Merrill Lynch and Barclays will supply senior secured term loans of up to $695 million.

4. Kodak to receive $525M from patent sale -

ROCHESTER, N.Y. (AP) — Eastman Kodak will receive about $525 million from the sale of its digital imaging patents, money the struggling photo pioneer says will help it emerge from bankruptcy protection in the first half of next year.

5. Kodak postpones bankruptcy auction on patents -

NEW YORK (AP) — Kodak is postponing indefinitely an auction of its imaging patent portfolios.

An auction hearing had been scheduled in August for Eastman Kodak Co. to sell more than 1,000 patents as it tries to emerge from bankruptcy protection. The auction kept getting postponed as talks with potential buyers continued.

6. Kodak job cuts continue as it aims to exit Ch. 11 -

NEW YORK (AP) — Kodak is reshuffling some executives and continuing to cut jobs as the pioneering photography company tries to emerge from bankruptcy protection.

Eastman Kodak Co. said it cut approximately 2,700 employees worldwide since the beginning of the year, and plans to eliminate roughly 1,000 more by 2012's end. Annual savings from these cuts should reach about $330 million, the company said Monday in a regulatory filing.

7. Kodak to sell imaging units, focus on printing -

ROCHESTER, N.Y. (AP) — Kodak says it will sell its document imaging and personalized imaging businesses to better focus on printing and business services as it works to emerge from Chapter 11 bankruptcy protection.

8. Kodak to stop making cameras, digital frames -

ROCHESTER, N.Y. (AP) — Kodak says it will stop making digital cameras, pocket video cameras and digital picture frames in order to focus on its more profitable businesses.

The storied photography company, which filed for bankruptcy protection last month, says it will phase out those product lines in the first half of this year.

9. Kodak workers, retirees, investors brace for pain -

ROCHESTER, N.Y. (AP) — Eastman Kodak Co. has a little over a year to reshape its money-losing businesses and deliver a get-out-of-bankruptcy plan.

Girded by a $950 million financing deal with Citigroup Inc., the photography pioneer aims to keep operating normally during bankruptcy while it peddles a trove of digital-imaging patents.

10. Stocks open higher as unemployment claims decline -

NEW YORK (AP) — Stocks rose in midday trading Thursday after a decline in applications for unemployment benefits and strong earnings reports from Bank of America and Morgan Stanley.

The Dow Jones industrial average rose 35 points to 12,613 shortly after noon.

11. Former trailblazer Kodak files for Chapter 11 -

ROCHESTER, N.Y. (AP) — Is Kodak's moment past?

The glory days when Eastman Kodak Co. ruled the world of film photography lasted for over a century. Then came a stunning reversal of fortune: cutthroat competition from Japanese firms in the 1980s and a seismic shift to the digital technology it pioneered but couldn't capitalize on. Now comes a wistful worry that this icon of American business is edging toward extinction.

12. Stock market ends mixed a day after big gains -

Stocks barely budged Wednesday, letting investors hold on to their gains from a strong opening to the year a day earlier.

Strong December sales boosted carmakers and specialty retailers. Banks, health care companies, and utilities fell slightly. But nothing moved much.

13. Stocks close higher; S&P turns positive for 2011 -

Stocks closed higher Friday after a quiet, pre-holiday session that turned the S&P 500 index positive for the year.

Traders were relieved by news that Congress extended a payroll tax holiday for workers and emergency unemployment benefits. Both programs were set to expire at the end of the year. Letting that happen would have reduced economic growth by about 1 percent, analysts said.

14. In Kodak's troubles, a snapshot of an icon's fall -

ROCHESTER, N.Y. (AP) — Buffeted by fierce foreign competition, then blindsided by a digital revolution, photography icon Eastman Kodak Co. is teetering on a financial precipice after a quarter-century of failed efforts to find its focus.

15. Trade forum weighs Kodak patent dispute with Apple -

ROCHESTER, N.Y. (AP) — Embattled photography pioneer Eastman Kodak Co. is nearing the end of a high-stakes patent-infringement fight with smartphone giants Apple Inc. and Research in Motion Ltd.

16. Red-letter day for ailing photo pioneer? -

ROCHESTER, N.Y. (AP) — Innovation turned Eastman Kodak Co. into one of the world's most recognizable brands. Imitation by its rivals might help keep the picture-taking pioneer from fading into history.