It's no secret that Research In Motion is in trouble. The tablet device it released in 2011 did so poorly the company took a $485 million hit. Android phones and Apple's iPhone have left the company in the technology graveyard.
It's MORNING EDITION, from NPR News. I'm Steve Inskeep, with Renee Montagne. Good morning.
Let's try again, shall we, to explain what it means when we hear that the U.S. economy shrank in the fourth quarter of 2012. As we've discussed elsewhere in the program, the decline was slight - just one-tenth of a percentage point - but it is the first contraction of the economy since the Great Recession officially ended in 2009. NPR's Jim Zarroli is with us once again in New York. Jim, good morning.
If you've earned a paycheck in recent years, you'll probably want want to know about this:
The Equifax credit reporting agency, NBC News reports, has collected 190 million employment and salary records on about one-third of U.S. adults and has sold some of the information "to debt collectors, financial service companies and other entities."
The Ford Motor Company also announced its earnings yesterday, saying it had a pre-tax profit of $8 billion for 2012. And that gives union employees a reason to celebrate. They will each get a profit sharing check of $8,300 - a record high amount.
There's also some good news coming for General Motors workers, as Michigan Radio's Tracy Samilton reports.
OK. In the next few days, cable companies announce how they did financially in 2012. Most industry watchers expect some negative trends to continue. More people are canceling their cable subscriptions. They are called cord cutters, because they are getting TV from the Internet and over the air, not their cable cords. But they're not the only problem the cable industry needs to worry about. NPR's Neda Ulaby reports.