Olympus’ Financial Woes Continue
After admitting that the company had used $1.7 billion in payments to cover up losses on investments, Olympus' Japanese stock fell 49 percent in two days in January. This latest drop now brings the company's total stock value loss to 70 percent since October, when Olympus fired its British CEO and president, Michael Woodford.
An outside committee appointed by Olympus released the information about the payouts and also found that...
Eve Arnold: 1912-2011
Often called the grande dame of postwar photojournalism, Eve Arnold passed away in January at the age of 99.
Arnold first fell in love with photography after her boyfriend gave her a $40 Rolleicord and insisted she learn how to use it.
Her best-known work includes...
2012 Sundance Festival Film 'Chasing Ice' to Feature Balog's Work
Behind-the-scenes and often extreme film director Jeff Orlowski had his debut at the 2012 Sundance Film Festival this past January.
His film, "Chasing Ice," follows the work of National Geographic photographer James Balog and...
Kodak Files for Bankruptcy
Unable to sell off some of its 1,100 patents to stay out of debt, Eastman Kodak Co. is preparing for a Chapter 11 bankruptcy-protection filing. If successful, Kodak will have sold 10 percent of the company's patent portfolio, and will have potentially generated $3 billion in sales.
Currently, Kodak has obtained $950 million in financing from Citibank to maintain operations, which will allow the company to...