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Business Headlines: Summer Job Opportunities; Kodak Bankrupt

By Lisa van der Pool, Boston Business Journal
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State Street

BOSTON (CBS) – The New Year is barely under way, but some high school students are already thinking about where they will work this summer.

State Street just announced it will help more than 1,000 teens find work.

The program called Summer Jobs+ will provide work and education opportunities to low-income students in Boston, as well as New York and other cities.

Those include first-time work offers and the chance for professional positions for kids who have more experience.

The program is a collaboration between the private sector and the Obama administration.

KODAK BANKRUPT

The future is out of focus for a pioneer in the field of photography.

The Wall Street Journal reports Eastman Kodak is preparing to file for Chapter 11 bankruptcy protection in the next few weeks, if it can’t sell some of its digital imaging patents.

Kodak’s stock fell to a new all-time low Wednesday to just 48 cents a share.

If it doesn’t rise above a dollar in the next six months, it could be removed from the New York Stock Exchange.

POST-HOLIDAY SHOPPING

And retailers got their own New Year’s gift this holiday season – more shoppers.

A mall trade group says sales spiked more than five-percent the week after Christmas.

Sales were already up more than four-percent in December.

Analysts say shoppers were taking advantage of the mild weather and the federal holiday on Monday to get out and spend.

Watch Lisa’s report:

Lisa van der Pool of the Boston Business Journal can be seen weekdays at 6 a.m. on WBZ-TV.

You can follow Lisa on Twitter at @lvanderpool.

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