Kodak Suspending 401k Payments, Warning of Bad Returns for Q4

Well, you knew it had to happen. A consumer electronics corporation in the midst of the worst Christmas buying season in a long time was going to suffer, and now its reporting the crisis to Wall Street. Kodak is suspending 401k payments, freezing executive salaries and withdrawing it’s “Second-half Guidance,” which is basically a prediction of it’s sales for this quarter.

I hate to say it – really, really, really hate to say it – but it seems like layoffs might also be in the works.



If you stand accused of defrauding the Federal government and the people of Rochester out of millions of dollars, do yourself a favour and at least show some respect for the court:

Kickback defendants found guilty | | Democrat and Chronicle

As a federal jury deliberated last week in a multimillion-dollar fraud and kickback trial, property appraiser John E. Nicolo loudly invited his lawyers to visit him and his wife this summer on their farm in Yates County.

But Nicolo’s social plans crashed and burned Tuesday when he was taken
into custody after being convicted of conspiracy, mail fraud, wire
fraud, money laundering and defrauding the Internal Revenue Service.