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The loss resulted from the cost of its reorganization, including store closings, and was the second straight loss of more than $1 billion.
Mr. Davis, 37, who was senior vice president for finance, has played a crucial role in the airline's bankruptcy reorganization, including development of a business plan that raised $1.24 billion, the company said.
In some regions of the developing nervous system, synaptic contacts are not initially precise or stable and are followed later by an ordered reorganization, including the elimination of many cells and synapses.
Henry B. Schacht, Lucent's first chief executive who returned to the corporate office in October, has begun a broad reorganization including the spinoff of Lucent's microelectronics and optical components operations into a company called Agere, which will have about 16,500 employees and operating cash flow of $762 million.
Ting announced a sweeping reorganization, including firing 5,000 Singer workers over three years.
Ting announced a sweeping reorganization, including firing 5,000 Singer N.V. workers over three years.
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Another option for reorganization includes the creation of a special library district through legislation, where a majority within the proposed entity votes to tax itself, Mr. Farrell said.
The reorganization includes plans to integrate Adweek's print and online coverage by shifting most of the regional coverage that Adweek has offered in six print editions to a redesigned version of the Adweek Web site, www.adweek.com, and offer more international and analytical coverage.
He said the objectives of the reorganization included obtaining new financing to shore up confidence in Kodak, selling some of the company's patents and adjusting "legacy" costs - like health care benefits for retirees - to the company's now smaller size.
When Medicare changed how it paid for care a few years ago, many operators went through bankruptcy reorganizations, including public companies like Kindred Healthcare and Genesis Health Ventures.
Even as traditional mergers and acquisitions work declines due to the credit crunch, Skadden's workout lawyers are busy advising clients in multibillion-dollar reorganizations, including Circuit City, which is now in liquidation, and Access Industries, the holding company of Russian-born industriaLent Len Blavatnik, whose Lyondell Chemical unit recently entered bankruptcy.
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