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Rumors come true: Kodak files for bankruptcy

Rochester woke up yesterday morning to the news that Kodak had filed for bankruptcy. Today the city and company continue trying to figure out what it all means.
Stewart Marshall
/
via Flickr
Rochester woke up yesterday morning to the news that Kodak had filed for bankruptcy. Today the city and company continue trying to figure out what it all means.

For the second Friday morning edition of Trail Mix in a row, Kodak tops our news.

But the rest of the economy got good news yesterday in positive manufacturing numbers.

And three SUNY schools will compete for some big checks from Albany.

Kodak

Yesterday morning, Rochesterians woke up to the news of Kodak's bankruptcy filings. Now comes trying to figure out what it all means.

Matthew Daneman at the Democrat and Chronicle reports Kodak knows how it got in this mess, but it's not sure how to get out.

Our Zack Seward of the Innovation Trail and WXXI breaks down where Kodak owes money.

But despite Kodak's downfall, Rochester hasn't lost its sparkle, opines Adam Frank at NPR.

Folks living around the former Kodak Park recall the days when the park buzzed with activity (Claret Cleare, WXXI).

Environment

Two Cornell scientists are dueling in public over their contradicting findings about the environmental impacts of hydrofracking (Mary Esch, Associated Press). The Innovation Trail's Matt Richmond first reported this story back in December.

A column in the Elmira Star-Gazette says Corning Glass is expecting a new boom in business, but it's not for glass.

Larry Rulison of the Times-Union reports GE is trying a new mantra about electric vehicles.

Jobs

The manufacturing sector is getting positive news (Matt Richmond, Innovation Trail/WSKG).

Job growth was up in the Capital Region (Eric Anderson, Times-Union), as well as the Hudson Valley (Craig Wolf, Poughkeepsie Journal).

But numbers were less rosy on the other end of the state. David Robinson of the Buffalo News reports hiring is down in western New York.

The western New York grocer Wegmans is again towards the top of Fortune's list of best places to work (Samantha Maziarz Christmann, Buffalo News).

A Syracuse-based military research firm also made Fortune's list (Bob Niedt, Post-Standard).

Economists are predicting modest growth for central New York this year (Charles McChesney, Post-Standard).

Higher Ed

Gov. Andrew Cuomo is leaning on SUNY schools to be economic drivers and that will mean big checks for three lucky schools (Ryan Delaney, Innovation Trail/WRVO).

Development

A decision could be coming soon on a major expansion of a North Country resort. But North Country Public Radio's Brian Mann reports environmentalists are doing their best to stop it.

An Ithaca development project is getting off the ground (Rachel Stern, Ithaca Journal).

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WRVO/Central New York reporter for the Innovation Trail
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