Posts Tagged ‘closure’

Popular Lighting Gear Maker Photoflex Closing Shop After 30 Years in Business

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Photoflex, a popular manufacturer of lighting gear and camera accessories, has unexpectedly announced that it will be closing its business that has been in operation for three decades.
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Deal Alert: Sony Shuttering All But Two of Its Physical Stores, Offering Big Discounts


Sony is making big restructuring moves in order to increase profitability, and one of the big changes has been closing its inefficient physical retail stores. 26 of the stores were closed in 2014, and now the latest word is that in addition to closing all of its shops in Canada, Sony will be pulling the plug on 8 of the 10 remaining US locations.

If you’re a photographer who shoots with Sony, you might want to keep an eye on any Sony store near you: you could find it filled with heavily discounted photo gear.
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Man Responsible for the Murder of AP Photographer Anja Niedringhaus Sentenced to Death


Former Afghan police unit commander Naqibullah — the man who, three months ago, walked up to AP photographer Anja Niedringhaus‘ vehicle and unloaded an automatic weapon in the backseat, killing the veteran photojournalist instantly — has been convicted of murder and sentenced to death by the Kabul District Court. Read more…

Sony Pulls Plug on DSLR Lens Factory, Hands Out 840 Pink Slips

When Sony unveiled its “One Sony” game plan back in March after posting billions in losses, the company highlighted digital photography as one of its three main pillars going forward. It was a bit of a surprise, then, when Sony announced today that it will soon be closing a large lens manufacturing factory in Japan as part of the restructuring efforts.
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Possible FTC Probe May Delay Closure of Instagram/Facebook Deal by Up to a Year

Those of you who were hoping that all of the Facebook/Instagram acquisition talk would end may not get a respite as soon as we thought. Although the original acquisition papers from Facebook stated that they would try to close the deal in Q2, a rumored Federal Trade Commission (FTC) competition probe may delay that closure by up to a year.

As of right now there’s no evidence that the probe poses any viable threat to the acquisition itself — apparently they’re quite common for deals over $66 million — but the inevitable red tape would add some serious delay to the whole matter.

Unfortunately, it looks like we may have to wait on that Instagram Snap camera.

(via Engadget)

Image credit: FTC by vpickering