Company: Eastman Kodak Co

After the now bankrupt Kodak asked to have its name removed from the theater that hosts the Oscars, it is being dragged into court by the theatre owner over its sponsorship contract.

Eastman Kodak, the inventor of the hand-held camera, plans to stop making digital cameras, pocket video cameras and digital picture frames in the first half of 2012 in a bid to cut costs.

Eastman Kodak eased away from the Hollywood spotlight on Wednesday, asking to have its name removed from the theater that hosts the Oscars. 

Eastman Kodak, which invented the hand-held camera and brought the world the first pictures from the moon, has filed for bankruptcy, capping a prolonged plunge for what remains one of America's best-known firms.  

Stocks rebounded from earlier losses to finish narrowly mixed Thursday, with the S&P adding small gains to the New Year rally, ahead of a key government employment report. Stocks had been under pressure earlier in the session amid ongoing jitters over the European debt crisis and a decline in the euro to its lowest level since September 2010.

The company is working on a Chapter 11 bankruptcy protection filing that could be filed as soon as this month or early February if it cannot sell its digital patents, The Wall Street Journal reported on Wednesday, citing unnamed sources.

The Dow and S&P clawed back into positive territory at the close Wednesday, adding to the sharp rally from the previous session, but gains were limited over renewed fears over the euro zone debt crisis.

Futures pulled back Wednesday, after a strong start to the New Year, as investors turned their focus once again to the euro zone's debt concerns.

Stocks eased off their worst levels, but still finished lower in another thin, volatile session Thursday as investors sifted through a handful of headlines from the euro zone and after the S&P breached a key technical level.