BRIEF-Josef Mandelbaum to step down as CEO of Perion
* Says board of directors has begun a search for company's next CEO Source text for Eikon: Further company coverage:
March 22 Photo service Shutterfly Inc has sued to shut down an Eastman Kodak Co app that lets users purchase photo albums made from pictures stored on Facebook Inc's social media network, according to court documents.
Shutterfly bought the Kodak Gallery online photo business for $23.8 million last year, and as part of the deal Kodak agreed not to set up a duplicate business, according to court documents.
Shutterfly said in a complaint filed on Friday with the U.S. Bankruptcy Court in Manhattan that the "My Kodak Moments App" violates the sale agreement by setting up a competing business.
The app allows users to choose photos on Facebook to create an album which is then printed and sent to the consumer.
The complaint also alleged it is powered by the same technology that powered the business that Shutterfly purchased.
A Kodak spokesman did not immediately respond to a request for comment.
Kodak filed for bankruptcy early last year.
It said on Friday it had closed on its $848 million finance package that helps prepare it to exit bankruptcy in the middle of this year. The company plans to focus on its commercial imaging business after it reorganizes.
The case is In re: Eastman Kodak Co et al, U.S. Bankruptcy Court, Southern District of New York, No. 12-10202.
MUMBAI, Sept 27 Google, a unit of Alphabet Inc , said on Tuesday it launched Google Station in India, a service that aims to deepen its reach across the country, as the search giant seeks to bring more people on to its Google platform.
Sept 27 Britain's FTSE 100 index is seen opening up 44 points on Tuesday, or as much as 0.7 percent, according to financial bookmakers, with futures also up 0.7 percent ahead of the cash market open.