Intersecting Minds: Education, Business and Technology at the North Carolina State Jenkins Graduate School of Management

Friday Morning Quick Hits | February 27, 2009

Gross Domestic Product (GDP), the broadest measure of economic activity, fell 6.2% in the fourth quarter of 2008, the largest decline since 2008. Economists had expected the number to come in at 5.4%.

The U.S. takes another step towards nationalizing CitiGroup by taking a 36% stake in the troubled bank. The government is also expected to shake up the board room (good riddance to those guys/gals).

Facebook is set to upgrade and relaunch its Pages utility. Pages allow companies and other organizations to interact with Facebook’s huge user population. Here is the Page for the MBA program as well as one for this blog.

Dell’s net earnings fell 48% marking another blow for major tech companies coming to grips with the recession.

Stocks are set to drop sharply this morning between the poor GDP report, the increasing nationalization of Citi, and an increasingly poor economic horizon.


1 Comment »

  1. What has happened to Citi is actually a good thing and just another painful treatment in the healing process. The economic data shouldn’t surprise anyone! Discretionary spending has all but evaporated, so sad PC sales could have been expect?

    Comment by hogcatch — February 27, 2009 @ 2:31 pm

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