Feb 21
Detroit outlines a plan to get itself out of debt, salt shortages are making a snowstorm near you even worse, and another week of violence is igniting in Kiev. It’s this week’s look at What’s Ruining Our Cities.
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Apr 30
Now with a patent sale, new financing and asset offloads under its belt, Kodak’s homing in on when it might emerge from Chapter 11 bankruptcy. In January, the imaging giant predicted it might finally exit its financial default by mid-2013, and now it’s filed paperwork with a New York court indicating it’s on track to meet that goal sometime during its third quarter this year. In addition to the timeline update, the Plan of Reorganization and Disclosure Statement outlines how the firm’s debts have been settled and its future plans, which place heavy emphasis on its commercial imaging business. A hearing for the document and associated strategy is anticipated to be scheduled in mid-June, and creditors will arrange a vote afterwards to decide if everything’s to their liking. Kodak’s certainly not out of the woods just yet, but it’s plodding steadily towards the clearing.
[Image credit: Viktor Nagornyy, Flickr]
Source: Kodak
Aug 10
Best Buy founder wants slashed prices, Apple-style customer service in $10 billion rescue plan
Posted in: Today's Chili 
Best Buy founder Richard Schulze is proposing a plan to turn around the ailing electronics store as part of a $10 billion buyout. He’s proposing the retailer slashes prices to compete with online rivals like Amazon, while offering Apple Store-levels of customer service. He’s concerned that the current closure and size-reduction policy will spell the end of the business, which is rumored to announce another round of closures shortly. It’s yet to be seen if his plan, which would mean running Best Buy at a loss for several years, would be accepted by the company’s management, who are meeting to discuss the proposals at the end of the month.
Filed under: Misc. Gadgets
Best Buy founder wants slashed prices, Apple-style customer service in $10 billion rescue plan originally appeared on Engadget on Fri, 10 Aug 2012 11:06:00 EDT. Please see our terms for use of feeds.
Aug 10
Dish Network rumored to have bought Clearwire’s $400 million debt in secret transaction
Posted in: Today's Chili 
We’re not in the habit of entering the dry world of corporate debt notes, but Sprint’s latest financial release might disguise a juicy bit of news. There’s a rumor in the business press that Dish Network might have bought around $400 million of Clearwire’s debt — helping relieve the pressure on Sprint, which has been keeping its subsidiary alive on handouts. Unsurprisingly, no-one’s commenting on the rumors, although Dish CEO Joseph Clayton did say he was open to a partnership (or acquisition) with Sprint / Clearwire late last year. If true, it could signal that it’s getting ready for a fight against AT&T — or maybe it just wanted to throw Dan Hesse a bone.
Filed under: Wireless
Dish Network rumored to have bought Clearwire’s $400 million debt in secret transaction originally appeared on Engadget on Fri, 10 Aug 2012 07:41:00 EDT. Please see our terms for use of feeds.
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