Kodak News | Other related news

Feb 3, 2012  (Source: Democrat and Chronicle)
Kodak retirees would benefit from proposed change in Healthy NY program
With numerous Eastman Kodak Company retirees facing the possibility of big cuts to their health care coverage, New York state might widen the qualifications to its Healthy NY insurance program to cover them.
>> Read More

Feb 1, 2012  (Source: Democrat and Chronicle)
Kodak looks to end its naming rights of Hollywood's Kodak Theatre
Hollywood’s Kodak Theatre has for close to a decade been home to American Idol and the annual Academy Awards. Now bankrupt Eastman Kodak Company is looking to get out of the contract that has its name plastered across the building.
>> Read More

Jan 31, 2012  (Source: Wall Street Journal)
Banks, Hedge Funds Disclose Kodak Debt Holdings
Banks, hedge funds and investment firms represented by a group calling itself the ad hoc committee of second lien noteholders divulged their stakes in Eastman Kodak Co.’s lower ranking debt.
>> Read More

Jan 31, 2012  (Source: Reuters)
GSO, D.E. Shaw, JPMorgan disclose Kodak stakes
The Blackstone Group's GSO Capital Partners, the D.E. Shaw Group and JPMorgan Chase are among the members of a committee of Eastman Kodak debt holders with the biggest stakes, according to a court filing ...
>> Read More

Jan 29, 2012  (Source: 1180 WHAM Common Cents Money Talk Show)
Ann Eisenhart interviews Bob Volpe of EKRA
Listen to this 17 minute sound byte of financial adviser Ann Eisenhart interviewing EKRA's president Bob Volpe regarding the Kodak bankruptcy. Bob also answers question from two callers.

Jan 29, 2012  (Source: Wall Street Journal)
Saving Retiree Health Plans
More companies in dire financial straits are pulling the plug on retiree health-care benefits—dealing a blow to everyone from hourly union employees to upper management.
>> Read More

Jan 29, 2012  (Source: Democrat and Chronicle)
Bankruptcy could spark anxiety, grief in Kodak workers
Considering all the downsizing over the past decades at Eastman Kodak Company and the months of rumors about bankruptcy, the actual filing on Jan. 19 couldn't have surprised anyone.
>> Read More

Jan 29, 2012  (Source: Democrat and Chronicle)
Past cases show Kodak faces pain in Chapter 11
Eastman Kodak Company is in good company in bankruptcy court. The past decade has seen an average of 50 large public American companies file for bankruptcy every year, according to the University of California at Los Angeles.
>> Read More

Jan 26, 2012  (Source: Gates Chili Post)
EKRA president: 'Look forward' with Kodak
As the news of Kodak’s filing for Chapter 11 bankruptcy last week continues to send ripples through the Greater Rochester community, many retirees are uncertain about the future of their health care and retirement benefits. In 2009, Bob Volpe was appointed president of EKRA, an advocacy organization of Kodak retirees.
>> Read More

Jan 25, 2012  (Source: Bloomberg)
Wal-Mart, PBGC Named to Kodak Bankruptcy Creditor Committee
Wal-Mart Stores Inc. and the Pension Benefit Guaranty Corp. were among those named to the committee that will represent Eastman Kodak Company creditors during the imaging company’s bankruptcy case.
>> Read More

Jan 23, 2012  (Source: The Daily Record)
Kodak gets 2013 deadline to reorganize
Eastman Kodak Company is required under the financing terms to produce a reorganization plan by Feb. 15, 2013.
>> Read More

Jan 20, 2012  (Source: Kodak.com)
EKRA Warns Kodak Retirees of Bad,
Unsolicited Financial Advice

Jan 19, 2012  (Source: YNN)
National and Local Leaders React to Kodak News
Eastman Kodak announced early this morning it is filing for Chapter 11 bankruptcy protection. As the news spreads, national and local leaders are sharing their thoughts.
>> Read More

Jan 19, 2012  (Source: Kodak.com)
Kodak's Official Bankruptcy Press Release
Eastman Kodak Company (“Kodak” or the “Company”) announced today that it and its U.S. subsidiaries filed voluntary petitions for chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York.
>> Read More

Jan 19, 2012  (Source: 13 WHAM)
CEO Perez to Kodak Workers: "Do not despair."
Audio recordings and article from Employee town hall meeting.
>> Listen and read

Jan 19, 2012  (Source: Kodak.com)
Kodak's Reorganization
Watch video of Chairman & CEO Antonia Perez discussing Kodak's restructuring.
>> View video

Jan 19, 2012  (Source: WXXI)
Kodak Retiree Organization Vows to Protect Longtime Workers
Listen to EKRA's president Bob Volpe being interviewed: "While we are saddened by the Kodak bankruptcy filing, we will now execute the plans that we have already prepared in anticipation of bankruptcy to fight for retirees' pensions and benefits.”
>> Listen or read script

Jan 19, 2012  (Source: 13 WHAM)
Kodak Files For Chapter 11 Bankruptcy

Jan 5, 2012  (Source: YNN)
What Will Bankruptcy Mean for Kodak Retirees?

Nov 8, 2011  (Source: WYSL Tom Hamilton Show)
Radio sound-byte of Tom Hamilton's (WYSL) interview with Bob Volpe (president of EKRA). Includes discussion regarding Kodak's healthcare, pension and SIP (Fund D).

Nov 3, 2011  (Source: Aljazeera English News)

Oct 13, 2011  (Source: NBC Nightly News)
A Snapshot of Kodak's Struggle to Survive

Oct 5, 2011  (Source: WHEC)

Health | Retirement/Pension | SIP Changes

Dec 25, 2011  (Source: Department of Health)
EPIC and Medicare
Beginning January 1, 2012, the New York State EPIC program will no longer be Creditable Coverage.
>> Read More

Nov 27, 2011  (Source: Yahoo! News Associated Press)
Medicare's drug coverage gap shrinks
Medicare's prescription coverage gap is getting noticeably smaller and easier to manage this year for millions of older and disabled people with high drug costs.
>> Read More

Nov 9, 2011  (Source: Governor's press office)
Health insurers to refund millions
Governor Andrew M. Cuomo today announced that 11 insurance companies have been ordered to refund $114.5 million to holders of policies that cover 573,748 people who were overcharged for health insurance premiums in 2010.
>> Read More

Oct 27, 2011  (Source: USA Today)
Medicare's 2012 premium increase is less than expected
The new Part B premium for outpatient care will be $99.90 a month for 2012, or about $7 less than projected as recently as May.
>> Read More

Jan 19, 2012  (Source: PBGC)
Statement from PBGC on Bankruptcy Filing of Kodak Corporation
Pension Benefit Guaranty Corporation released a statement today on the bankruptcy filing by Kodak Corporation.
>> Read More

PBGC News & Policy
Very informative web page that contains links to PBGCs Press Room, Multimedia and Congressional Testomony.
>> Read More

Nov 14, 2011  (Source: PBGC 2011 Annual Report)
PBGC Providing Security, Today and Tomorrow
A letter from Josh Gotbaum Director of the PBGC in which he explains how the PBGC helps to protect pensions.
>> Read More

Top