It feels a bit surreal reporting on Kodak's decision to ditch its dedicated capture devices business, including digital cameras, pocket video cameras, and digital picture frames. In a weird sort of way, it's a bit like the death of Tony the Tiger's real life voice in 2005, only Kodak is still alive, albeit on life support after filing for Chapter 11 bankruptcy a couple of weeks ago.

Finnish phone maker Nokia today outlined plans to shed roughly 4,000 workers combined from three separate smartphone production plants in Komarom, Hungary, Reynosa, Mexico, and Salo, Finland. What remains of the three factories will focus on smartphone product customization for customers mainly in Europe and the Americas, while smartphone production at large will be diverted to Asia where the majority of component suppliers hang their hats, Nokia said.

Micron on Friday appointed President and COO Mark Durcan as interim CEO of the company until a successor is named by the Board of the Directors, and it didn't take them long to find their leader. On Saturday, Micron made the promotion permanent. Mr. Durcan, 51, held his previous roles with the company since 2007, and was the logical choice to succeed Steve Appleton, also 51, who perished in a plane crash last week.

Microsoft has reportedly begun trimming (or slashing, depending on how you want to look at it) its workforce by letting go of a "small percentage" of employees who held marketing positions with the Redmond software giant as it looks to revamp and streamline its operations. The company didn't specific exactly how many employees were let go, though several reports have the number pegged at 200.