Kodak film
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Kodak files for bankruptcy protection

Eastman Kodak, the company that invented the hand-held camera, has filed for bankruptcy protection.

The move gives the company time to reorganise itself without facing its creditors, and Kodak said that it would mean business as normal for customers.

The company has recently moved away from cameras to refocus on making printers, to stem falling profits.

The 133-year-old firm has struggled to keep up with competitors who were quicker to adapt to the digital era.

Emma Simpson reports.

  • 19 Jan 2012