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iPhone Sales Hang-Up Verizon Profit Margins

7:20 PM ET Wed, 4 Jan 2012

WNBC's Jonathan Dienst, reports iPhone sales hurt Verizon Wireless' profit margins; the American car industry had it's best year since 2008; Liz Claiborne is changing its name to Fifth and Pacific; and Eastman Kodak could be on the verge of bankruptcy.