From RTÉ News, a credible site because of the accented é.

US camera pioneer Eastman Kodak, which brought photography to the masses over a century ago, has filed for bankruptcy. [..] it has been struggling to keep pace with the digital age [..]

The irony is Kodak engineers invented the digital camera, the very device that hastened its demise. Where its competitors succeeded, Kodak faltered. It's a real shame, few companies have had such an impact on people's memories and on the state of technology, research and design.

As an aside, I've noticed a correlation between failing companies and "modernised" logo changes. Kodak discarded their classic red K in 2006.