Eastman Kodak Co shares fell almost 70 percent on Friday afternoon on concerns the photography pioneer could file for bankruptcy.
Kodak’s stock had already hit a 38-year low earlier this week as investors worried about its cash position after the company tapped a credit line for $160 million.
Amazon.com Inc’s new tablet computer costs $209.63 to make, IHS iSuppli estimated on Friday, highlighting how the e-commerce giant is taking a financial hit upfront to get the device into as many hands as possible. Amazon’s billionaire Chief Executive Jeff Bezos unveiled the Kindle Fire at a lower-than-expected $199 price on Wednesday.
“The real benefit of the Kindle Fire to Amazon will not be in selling hardware or digital content. Rather, the Kindle Fire, and the content demand it stimulates, will serve to promote sales of the kinds of physical goods that comprise the majority of Amazon’s business,” IHS iSuppli said in a statement.
Using the micro-blogging site Twitter as a gauge of global sentiment, social scientists studied 509 million tweets from 2.4 million users in 84 countries between February 2008 and January 2010, according to research reported in the journal Science. Twitter, the five-year-old site that lets users communicate 140-character posts, offers an unprecedented chance to study human behavior and social networks, the scientists said.