Q1 Loss for Kodak Tops $350 Million

ROCHESTER, NY—Eastman Kodak's first quarter loss touched $353 million, with erosion for demand of digital and film-based products exacerbated by the global economic downturn. As a result, the company is suspending its quarterly dividend, reducing salaries of its top-tier executives and requiring U.S. employees to take an unpaid one-week leave.