ROCHESTER, N.Y. (AP) - Investors dumped Eastman Kodak's stock amid fears that the photography pioneer is headed toward bankruptcy.
The Wall Street Journal rattled Kodak's already jittery shareholders with a report that the company has hired Jones Day, a law firm that dispenses advice on bankruptcies and other restructuring alternatives.
Kodak didn't immediately respond to a request for comment.
Friday's news followed a Kodak disclosure earlier this week that the company was borrowing $160 million from its revolving credit line.