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Eastman Kodak Co. (best known for its imaging and photographic materials and equipment) announced yesterday that it intends to raise up to US$700M through the sale of senior secured notes due in 2017. Private equity fund KKR & Co. has already committed to purchase US$400M of the debt offering.

However, Eastman Kodak’s stock price plummeted 11.23% to US$5.93 at the close of trade yesterday. Before KKR & Co.’s offer, investors were concerned about Eastman Kodak’s ability to fund the buyback without depleting cash revenues, however concerns now focus on the dilution of shareholder’s equity.

Andrew Brown took the photo below at Mt. Baker National Park in Washington. It is National Geographic’s photo of the month for September 2009.

Mary Travers, singer-songwriter and member of the folk group Peter, Paul and Mary – one of the most successful folk-singing groups of the 1960s – passed away earlier this week. Below we’ve featured some Mary Travers pictures for her fans.

Photo taken in the mid-1960s
L-R: Peter Yarrow, Mary Travers, Paul Stookey

Mary Travers circa 1976

Peter, Paul & Mary in 1963

Peter, Mary & Paul in 1984

Paul Stookey (Left), Mary Travers (Center) and Peter Yarrow (Right) of Peter, Paul and Mary, at the 2006 Songwriters Hall of Fame induction ceremony where they were honored

Patrick Swayze, the actor who danced his way into moviegoers hearts in the movie ‘Dirty Dancing’, then later broke these same hearts in the movie ‘Ghost’, died yesterday after a long battle with pancreatic cancer. He was just 57 years old. Below we’ve featured some Patrick Swayze pictures courtesy of Corbis.

Patrick Swayze dance with his mother
Photo taken in 1988 by Deborah Feingold

Patrick Swayze on the set of “The Outsiders”
Photo taken in 1983

Patrick Swayze on the Set of “The Outsiders” with Matt Dillon, Rob Lowe, Emilio Estevez, Ralph Macchio, Thomas C. Howell, and Tom Cruise
Photo taken in 1983

Jennifer Grey and Patrick Swayze in a scene from Dirty Dancing
Photo taken in 1987

Patrick Swayze and his wife Lisa Niemi attending the world premiere of Rocky Balboa in Hollywood, California
Photo taken December 13, 2006

Samsung has just announced its HZ25W 24x optical zoom digital camera, which features:

• 24x, f2.8-5.0, 26-624mm-equivalent lens
• 12 megapixels
• 720p HD movie capture (H.264)
• 3-inch LCD and an electronic viewfinder
• Dual image stabilization
• Raw support
• Full manual, shutter-speed priority, aperture priority mode

Check out the views below.

Below we’ve featured a few cool pictures (courtesy of Corbis) of hamsters. For more about hamsters, check out typesofhamsters.com

Hamster in a pink mug

White hamster suckling two newborns

Little girl with a hamster

Golden hamster feeding on nuts

Dancing hamster

Hamster having a run