Business news: Arrests at Olympus, nearly $1 billion for Kodak

And now time for business updates on the two former Four Thirds leaders that have fallen on hard times in recent years (for different reasons)...

OlympusGate has entered a new stage today, with Japanese authorities arresting seven, including a former President, a former EVP, and a former auditor. Details at Reuters (multiple updates), Amateur Photographer (multiple updates, including Woodford's reactions), New York Times, Galbraith, et al.

On the Kodak front, the company will borrow nearly $1 billion as part of its post-Chapter-11 restructuring. Details at The Verge, Bloomberg, et al (via Techmeme)