The story

Polaroid Corp. announced it was filing for Chapter 11 bankruptcy protection.

The Minnesota-based company said it is taking itself and its subsidiaries into bankruptcy in order to restructure its finances.

"Our operations are strong and during this process Polaroid will ship products to our retail partners, work with our suppliers and contract manufacturers to fulfill retailer demand ..." said Mary L. Jeffries, Polaroid chief executive officer. Read full article »