Kodak to Stop Making Cameras

Take a picture. Kodak, the inventor of the hand-held camera, announced on Thursday that it will be phasing out production of digital cameras, video cameras, and other digital products in a bid to keep costs down. The company is reeling after filing for bankruptcy last month, and said that its decision to ax digital photography may save the company upward of $100 million annually. The company, synonymous for many with personal photography, said it will continue to offer photo printing services both online and in stores.