iPhone Sales Hang-Up Verizon Profit Margins

Wednesday, 4 Jan 2012 | 7:20 PM ET

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.