SAN DIEGO (Reuters) - Eastman Kodak, a company that invented the hand-held camera, has filed for Chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York. Kodak’s liabilities exceed its assets by approximately $1.65 billion. Non-U.S. subsidiaries of Kodak are not covered by the bankruptcy filing and will continue to honor their obligations.Astronaut Neil Armstrong, the first man to walk on the moon in 1969, used a Kodak camera the size of a shoebox to take pictures. The pictures he took possibly had more viewers than 80 Best Picture Oscars.
