College Player Shares Prize Money With Random Kids

College Player Shares Prize Money With Random KidsAntone Exum could have spent his $470 Best Buy gift certificate on anything he wanted. He and his Virginia Tech teammates were given the gift certificates as part of their prize packages for playing in the Russell Athletic Bowl in Orlando, and for a college student at Best Buy, there is certainly no shortage of options.

‘What he didn’t get’

But it’s not what Exum got for himself that has made headlines. It’s what he didn’t get that has turned into one of the best stories of the holiday season. The junior cornerback noticed three boys playing PlayStation 3 in the store, and he decided the money would be better spent on them.

“I think I was blessed to have a lot of fortunate Christmases when I was a kid, so I hope that every little kid deserves to have a perfect Christmas,” Exum told the Orlando Sentinel.

‘I won’t forget those smiles’

Naturally, the youngsters were thrilled. The boys got a PlayStation 3, a BlackBerry, and with the help of Exum’s teammates Tariq Edwards and Marcus Davis — who chipped in some of their gift cards as well — the boys bought a few games for their new console.

“I know it was a Christmas that I won’t forget,” Exum said. “Because I won’t forget those smiles and the excitement on their faces when I told them they could get whatever they wanted in the store.”

Were you impressed with Antone Exum’s generosity? Tell us about the most recent act of kindness you have done during the holidays!

Source: The Post Game

Image: NBC Sports

Eastman Kodak: Chapter 11 Bankruptcy Protection

Eastman Kodak, the once mighty icon of the photography industry, filed for Chapter 11 bankruptcy protection Thursday. The company said it has obtained $950 million in financing from Citibank to maintain operations. The company said the credit facility is still subject to court approval. Kodak said it has enough liquidity to continue operating during the bankruptcy process.

Kodak acknowledged, in its Chapter 11 filing, that it had more than 100,000 creditors, with debts totaling $6.75 billion. Kodak company also said that it had assets of $5.1 billion, with properties in Rochester, N.Y., Windsor, Colo. and Weatherford, Okla. Kodak’s top creditor is the Bank of New York Mellon in its role as trustee for other bondholders, with claims of more than $650 million. Other creditors include Sony, Nokia, WalMart, Target, Best Buy, Office Max, Disney Studios and CVS.

Kodak has long struggled to evolve its business design from film and compete in the digital age, even though it was an early pioneer of digital photography. For months, bankruptcy rumors have dogged the venerable company, which was founded by George Eastman in 1888.

In addition to licensing its technology, Kodak has been trying to develop its printing and digital camera business. The company also retired its traditional film brand Kodachrome in 2009, after 74 years. Amid its financial demise, Kodak’s stock has also suffered considerably. Shares tumbled almost 90% last year to penny stock status.

Kodak was delisted from the S&P 500 in December 2010, and was dropped from the Dow Jones industrial average in 2004.


Source: CNN

Image: Bajan Sun Online