SUNY is asking the state for up to $185 million to stabilize its two public teaching hospitals. Most of the cash is needed for the Downstate Medical Center in Brooklyn. But Upstate University Hospital in Syracuse also needs millions.
Kodak filed for Chapter 11 bankruptcy a year ago. The intervening months have seen big layoffs, pay freezes for workers, and an end to benefits for many of the company's retirees. However, Kodak also secured an extra $830 million in funding, and sold its patent portfolio.