Kodak developed the first, 13-pound digital camera in 1975. But it was never really able to capitalize on the product it had invented and its digital strategy was a bust, analysts say. Now, it's trying to sell thousands of patents for the technology behind digital photography to stave off bankruptcy.
Volkswagen has come a long way since it tried to market cars to Americans with the "Fahrvergnugen" slogan. The company has adapted to the U.S. market with bigger, less quirky cars. It seems to have paid off, as sales rose last year in the U.S. — but the company is set on becoming No. 1 worldwide.
Friday's jobs report could be seen as good news — but not for President Obama, according to GOP presidential hopeful Mitt Romney. So where is the economy heading this year, and what does it mean for November's election?
The impending bankruptcy of Kodak and the closure of camera and record stores that had been around for decades offer further proof that more and more goods and services have moved online. Somehow, that doesn't mean we have less stuff.
The Labor Department announced Friday that 200,000 jobs were created in December, and the U.S. unemployment rate fell to 8.5 percent. The new hiring came largely in transportation and warehousing. Tens of thousands of other people found jobs in retail and manufacturing.
Of all the good news in the December unemployment report, perhaps the most encouraging sign for the 2012 labor market was the increase in construction jobs. That sector has lost more than 2 million jobs as the housing market imploded, but increases in construction could be a cautious sign of a turnaround, analysts say.
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