September 23, 2004 |
A year after Eastman Kodak Co. unveiled an ambitious new strategy to accelerate its foray into digital imaging, the company said it expected filmless products and services to constitute more than half of its sales by 2005. At a meeting with investors in New York, Kodak said it remained on course to boost revenue to $16 billion in 2006 from $13.3 billion last year.
July 24, 2003 |
Eastman Kodak Co. said Wednesday that it would cut as much as 9% of its workforce and reported a 60% drop in second-quarter profit, hurt by weakness in camera and film sales, especially in China. Despite the soft results, its stock rose 9% on views that Kodak has come to grips with some of its problems and that the company may not cut its dividend, which at about 7% has the highest yield among blue-chip stocks.
June 14, 1996 |
The Clinton administration, after three years of picking face-to-face fights with Japan over trade, decided Thursday to dump a contentious Kodak-Fuji dispute in the lap of the World Trade Organization. But the high-stakes gamble could backfire if the international tribunal that U.S. opponents love to hate sides with the Japanese. Commerce Secretary Mickey Kantor and other top administration officials said an 11-month U.S.
July 17, 1996 |
Philip Morris Cos. said Tuesday that its earnings climbed 15% in the second quarter, led by strong profit gains from its industry-leading tobacco business. The maker of Marlboro cigarettes said profits rose from its food business, which has brands like Kraft, Oscar Mayer and Maxwell House. But income slipped at its Miller Brewing business. Overall, Philip Morris earned $1.62 billion, or $1.97 a share, compared with $1.41 billion, or $1.67 a share, a year ago, matching Wall Street estimates.