About half of Kodak's 38,000 retirees still live in Rochester, N.Y., where the company is based. Many of them are anxious about their pensions and retiree health care coverage amid reports that the company is preparing for a Chapter 11 filing.
NATO says it has greatly reduced the Taliban presence in the northern part of the country. But some Afghan officials aren't thrilled with the U.S. tactics, which include the creation of ad hoc militias. Some of the militia members used to be Taliban fighters.
The public relations problem for private equity capitalists at firms such as Bain, KKR and Blackstone is that they are the agents of the creative-destruction part of capitalism. They aim to take over underperforming firms and operate them more efficiently. In that process, people do lose their jobs.
More than 150 evangelical leaders will gather at a Texas ranch Friday and Saturday to try to coalesce behind a single Republican presidential candidate. But with the primaries and caucuses under way and Mitt Romney in command, their decision may be too little, too late.
The struggling company says it's surviving "one day at a time." But after failed mediation with its unions and a lockout in place, the clock is running out.
Spain and Italy have held their first bond auctions of 2012. Spain raised double its target amount, at interest rates a full point or more lower than last month. Italy did somewhat the same. One analyst said the painful austerity programs appear to be bearing fruit.
As Newt Gingrich campaigned in South Carolina Thursday, there were signs he was beginning to soften his critique of the private equity career of rival Mitt Romney. Gingrich had come under fire this week from fellow Republicans for his attack on Romney for his time at Bain Capital.
Iranian President Mahmoud Ahmadinejad has completed a four-country tour of left-leaning Latin American nations. His trip came as the West increased pressure on Iran over its nuclear program.
An Army investigator has recommended that Pvt. Bradley Manning face court-martial on charges of theft and aiding the enemy. Manning is accused of downloading nearly one million field reports and diplomatic cables while on duty in Iraq, and passing them to the website WikiLeaks.
On Twitter, News Corps. Chief Rupert Murdoch confessed: "We screwed up in every way possible." He added the company learned a lot of valuable and expensive lessons from the purchase of the social networking site.
Tim Tebow will lead the Denver Broncos against the New England Patriots in the marquee game Saturday night. TV ratings for this game could go through the roof.
Across much of Colorado, Utah, Montana and northern California, the snowpack is at less than half the average. There are concerns the skimpy snowpack won't fill the reservoirs and rivers. Millions of people depend on melting snow for their drinking water and farms.
Comedian Stephen Colbert of Comedy Central may make a run for the presidency in South Carolina. Because he may be a candidate, he legally handed the control of his SuperPAC over to Daily Show host Jon Stewart.
Each year, thousands of companies converge on the Consumer Electronics Show in Las Vegas hoping to generate buzz for their gadgets. Companies that succeed need luck, good PR and a product that seems cool or useful. HzO, a small company that makes waterproof coatings for phones and tablets, has broken through in a big way.
The iPhone Marimba ringtone had not been written into Mahler's Ninth Symphony. But there it was, chirping from the front row of the audience. The conductor was so incensed, he cut off the performance and waited for the phone to stop.