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The Journal Gazette

Sunday, January 14, 2018 1:00 am


Kodak eyes digital currency

News services

NEW YORK – Kodak, which traces its roots to the early days of film-based photography, is getting into the digital licensing and cryptocurrency market as part of a partnership with WENN Digital.

The companies are launching blockchain technology with KodakOne and KodakCoin. Blockchain is a ledger where transactions of digital currencies, like bitcoin, are recorded.

Kodak, based in Rochester, New York, founded in 1880, is the latest company to enter the cryptocurrency market as Bitcoin makes gains. Bitcoin has surged from less than $1,000 a year ago to more than $14,000.

The Kodak systems will allow photographers to register work that they can license and then receive payment. The initial coin offering will open Jan. 31.

Buffett board adds 2 in succession plan

Berkshire Hathaway is promoting the two top candidates to eventually replace CEO Warren Buffett to its board, but the 87-year-old investor says he isn't leaving.

Buffett and Berkshire's 94-year-old Vice Chairman Charlie Munger will retain their positions on the board, which is expanding to 14 members from 12. But Greg Abel and Ajit Jain will also become vice chairmen and take on more duties.

Buffett said on CNBC the new board members are “part of a movement toward succession over time.”

Buffett said the move isn't due to any looming concerns, saying he's in “remarkably good health.”

China places order for 184 Airbus A320s

China plans to buy 184 Airbus A320 jetliners, French President Emmanuel Macron said, in a diplomatic tradition aimed at defusing trade complaints.

Chinese President Xi Jinping said his government “will preserve parity” in market share between Airbus and its U.S. rival, Boeing, Macron said at a news conference last week.

Macron gave no financial figures. At the list price for A320s, the order could total $18 billion, but large buyers often get deep discounts.

Dropbox files for potential IPO

Dropbox Inc., the file-sharing private company valued at $10 billion, has filed confidentially for a U.S. initial public offering, people familiar with the matter said.

Goldman Sachs and JPMorgan Chase will lead the potential listing, according to the people, who asked not to be identified because the filing wasn't public. Dropbox is talking to other banks this month to fill additional roles on the IPO, the people said. The company is aiming to list in the first half of this year.