Here's a quick look at a few of the headlines making news this Monday afternoon.
Transocean wades out of shallow water
Kodak gets smaller still
Eastman Kodak (OTC: EKDKQ) has announced that it will cut another 1,000 jobs and that co-President Philip J. Faraci and Chief Financial Officer Antoinette P. McCorvey will leave the company, according to a report in The Wall Street Journal. The latest worldwide cuts come on top of 2,700 others so far this year and will take Kodak down to around 13,400 workers, according to the report, when it once employed more than 150,000. The company filed for bankruptcy protection in January.