In the News...

KODAK FILE FOR BANKRUPTCY
Eastman Kodak, the company that invented the hand-held camera, has filed for bankruptcy protection.

The move gives the company time to reorganise itself without facing its creditors, and Kodak said that it would mean business as normal for customers.

The company has recently moved away from cameras to refocus on making printers to stem falling profits.

The 133-year-old firm has struggled to keep up with competitors who were quicker to adapt to the digital era.

EXPORTS HELP UK CAR INDUSTRY
Car production in the UK rose by 5.8% in 2011, industry figures show.

The Society of Motor Manufacturers and Traders (SMMT) said manufacturing had ended the year with a 1.6% rise in December, producing a total of 1,343,810 vehicles in the year.
The SMMT said record exports had been the main driver of growth, with more than 80% of vehicles exported.

Although production rose last year, the SMMT said last week that new car sales in the UK had fallen 4.4% in 2011.

Engine production also rose by 4.9% to just over 2.5 million, despite a modest 1.3% fall in December.

Sources: BBC Business News