Facebook says its mobile advertising business nearly doubled from the third to fourth quarter of 2012. As a whole, the company's ad business grew at its fastest rate since it went public last May. Some analysts felt the social network had initially been too slow to get into the mobile market.
The government is set to make additional cuts to spending, including defense, this spring, unless lawmakers agree on an alternative plan to address the deficit. So far, there's little agreement in Washington about the optimum size or shape of government spending.
BlackBerry has unveiled a new smarthphone that it hopes will woo back the many customers it lost in the past few years. Among its strategies, the company appointed singer Alicia Keys as its global creative director. But in the last few days Keys was found to be tweeting from an iPhone, one of BlackBerry's big rivals.
The economy shrank a bit in the fourth quarter and analysts are trying to figure out why. It's clear that declines in business inventories and government spending played a role, but was the real problem the narrowly averted fiscal cliff?
The year ended on a strong note, with personal incomes up 2.6 percent in December alone. But over all of 2012, growth in both incomes and spending was less than the increases in 2011. The week's big economic news comes Friday when we'll hear how many jobs were created in January.
Family farms often rely on the next generation to carry on the family business. However, some agricultural economists say family farmers should work to modernize their hiring practices and consider that the most qualified workers might come from outside the family.
Chinese computer company Lenovo has become the world's biggest seller of personal computers. Steve Inskeep talks to Vijay Vaitheeswaran, a correspondent for The Economist, about his recent article in the magazine on the rise of Lenovo.
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