- - Thursday, February 9, 2012


Kodak to stop making cameras, digital frames

ROCHESTER, N.Y. | Eastman Kodak Co. said Thursday that it will stop making digital cameras, pocket video cameras and digital picture frames, marking the end of an era for the company that brought photography to the masses more than a century ago.

Founded by George Eastman in 1880, Kodak was known all over the world for its Brownie and Instamatic cameras and its yellow-and-red film boxes. But the company was battered by Japanese competition in the 1980s, and it was then unable to keep pace with the shift from film to digital technology.

The company, which filed for bankruptcy protection last month, said it will phase out the product lines in the first half of this year and instead look for other companies to license its brand for those products.


Groupon stock plunges on growth worries

NEW YORK | Groupon had a lot to prove with its first earnings report as a public company. The 14 percent slide in its stock Thursday suggests investors wanted more.

The online deals site Wednesday reported sharply higher fourth-quarter revenue that surpassed Wall Street’s expectations.

But some analysts worry about the trajectory suggested by its revenue forecast of $510 million to $550 million for the current quarter.

The guidance means Groupon Inc. expects revenue to grow by about 5 percent in the first three months of this year, compared with the last three months of 2011. By that same measure, revenue grew by a double-digit percentage in each quarter of 2011.


Report: Apple to unveil new iPad in March

NEW YORK | A news report says Apple plans to unveil a new iPad early next month.

AllThingsD, a website affiliated with the Wall Street Journal, says Apple Inc. is holding an event in San Francisco the first week of March, the same week Apple announced the iPad 2 last year.

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