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It’s no secret that Eastman Kodak Co. has fallen on hard times in recent memory, but despite all of that, the ailing photography company has been able to keep one secret closely-guarded for more than 30 years. Kodak maintained a small nuclear reactor filled with 3.5-pounds of weapons-grade enriched uranium in an underground basement in Rochester, New York and nobody was the wiser.

Known as a Californium Neutron Flex multiplier, Kodak acquired the reactor in 1974 which was loaded with 3.5-pounds of uranium plates around a Californium-252 core. Uranium is the material used to create nuclear weapons.

It was kept in an underground bunker with 2-foot thick walls and was under tight security. The device was one of only two ever created and the only one used for private industry.

Kodak used the device to conduct decades of research, check materials for impurities and perform neutron radiography testing. The company maintains that the device was perfectly safe and since it wasn’t a power plant, there was no risk of explosion and there was never a radiation leak. Read more....

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On Sunday, JPMorgan boss Jamie Dimon said he was "dead wrong" to dismiss concerns about trading at the bank.

It had been reported on Monday that Ms Drew, one of JPMorgan's best-paid executives, had offered her resignation several times following disclosure of the losses last Thursday.

However, in a statement issued in New York, Mr Dimon said: "Ina Drew has been a great partner over her many years with our firm. Despite our recent losses in the CIO, Ina's vast contributions to our company should not be overshadowed by these events."

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He said he did not know the full extent of the problem in April, when he described the concerns as a "tempest in a teapot".

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