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"Photography giant Eastman Kodak has filed for chapter 11 bankruptcy protection as it seeks to boost its cash position and stay in business.The move comes after the ailing US company failed to find a buyer for its trove of 1,100 digital imaging patents.Kodak said in November that it could run out of cash in a year if it did not sell the patents, for which it hoped to fetch billions.The firm said that it has secured 950 million US dollars (£615 million) in financing from Citigroup, and expects to be able to operate its business during bankruptcy reorganisation and pay employees.The company, based in Rochester, New York, was pummelled by foreign competition and then severely shaken by the digital revolution. It has invested huge sums in new lines of inkjet printers.Kodak's European business is not affected by the Chapter 11 move.European managing director Philip Cullimore said: ""In Europe we have seen a significant shift towards business-to-business imaging applications, and are weighted towards printing. These businesses in Europe are performing well and growing fast."""
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"THE endangered Irish red squirrel population is under renewed threat from the squirrel pox virus.Dr Ferdia Marnell of the National Parks and Wildlife Services (NPWS) confirmed a dead red squirrel recently found in Co Wicklow was infected with the virus.Squirrel pox virus (SQPV) is generally fatal to red squirrels and has played a significant role in the decline of the species across England.The virus is carried by grey squirrels -- who do not appear to suffer from the virus -- and itis not clear why the disease is now turning up in Irish red squirrels.One theory being examined by Dr Marnell is the effect of the unseasonably cold winter last year, which may have put grey squirrels under severe stress, ""possibly allowing them to manifest the disease"".- Eoghan MacConnell"
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"A multibillion-pound High Court battle between Chelsea Football Club owner Roman Abramovich and exiled Russian oligarch Boris Berezovsky ended yesterday.Judge Mrs Justice Gloster reserved judgment to a date to be fixed after a trial at the Commercial Court in London.Mr Berezovsky (65) sued Mr Abramovich (45) for billions during a hearing which started in October.The final pieces of evidence were presented in December and lawyers have spent the past few days making closing submissions.Mr Berezovsky said Mr Abramovich ""betrayed"" him and ""intimidated"" him into selling shares in Russian oil company Sibneft for a ""mere $1.3bn (€1bn) -- ""a fraction of their true worth"".- Brian Farmer in London"
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