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Kodak, the 131-year-old photography pioneer, filed for bankruptcy on January 19th 2012.Eastman Kodak announced early this morning that filing for Chapter 11 bankruptcy was “the right thing to do for the future” of the company.In a statement, Kodak CEO Antonio Perez said company leadership decided the move was “a necessary step.”Innovation Trail has followed the story over the course of 2012.

Apple and Google behind bid for Kodak patents, "fiscal cliff" drives downturn in contractor hiring

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Welcome to International Human Rights Day.

In one of the year's worst kept secrets, Apple and Google have been formally revealed as the bidders behind the half billion dollar bid for the 1,100 Kodak imaging patents on the auction block. (Businessweek)

The Washington Post has more.

Hiring delays driven by the prospect of the "fiscal cliff" have helped drive down employment in the construction industry according to figures from the Associated General Contractors of America

More news updates after the jump.

Research and Development

Rochester's Antonio Williams has won the 2013 Black Engineer of the Year Special Recognition Award, reports the D&C. He works at Xerox Corp.'s Webster campus.

It's been a big week for Albany Molecular Research Inc. (AMRI). They were the centerpiece of the "Billion for Buffalo" announce by Governor Cuomo last week, and now  they are extending a supply agreement with GE Healthcare. (timesunion.com)

Chip manufacturer AMD is to pay what amounts to a "kill-fee" of $320 million to Albany-based GlobalFoundries to end a purchase agreement for silicon wafers. (BusinessReview.com)

Business

The Capital Region Economic Development Council meets today. (timesunion.com)

As we reported, Kodak has reached an agreement with the CVS pharmacy chain to extend its current commercial relationship for another four years. (RBJ)

Assemblyman Bill Magnarelli thinks the good people of Syracuse should put the toxic relationship between Destiny USA and the City of Syracuse behind them and look at ways to exploit the facility, writes Teri Weaver of the Post-Standard.

Sandy cost Amtrak around $60 million in lost revenue President and CEO Joseph Boardman told a U.S. Senate Committee last week as part of its request for $336 million dollars to upgrade infrastructure and address operating costs lost due to the storm. (Amtrak.com and Timesunion.com)

Energy

Kevin Begos and Mary Esch of AP look at last week's Siena College poll figures on approvals for hydrofracking in Pennsylvania and New York.