Eastman Kodak

Once, Kodak was one of the world's most recognized brands -- it's little yellow film boxes were everywhere. Now the the film is a relic, and the company that benignly ruled Rochester, N.Y., for a century is in Chapter 11. A Kodak kid reminisces:

In the wake of Eastman Kodak's bankruptcy filing, some speculators will be tempted in the coming days to nibble on the company's battered shares. But if you know what's good for your portfolio, you'll stay away.

Photography icon Eastman Kodak has filed for bankruptcy, as it seeks to boost its cash position and stay in business. The move comes as the ailing company has failed to find a buyer for its multibillion-dollar trove of digital imaging patents.

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For investors who plan on retiring soon, Kodak may not be an ideal bet. With declines in the film-based photography market and questionable moves into digital, the photography giant faces tough times ahead.

The number of companies in danger of defaulting on their credit obligations will remain high in 2010. And a disproportionate number of them could come from the U.S.

Like many iconic U.S. companies now struggling to thrive, or even just survive, Eastman Kodak (EK) is a former titan rocked by technological changes that fundamentally altered the market for its most important products. Long one of the world's leading manufacturers of photographic film, Kodak has...