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

Thursday Morning Quick Hits | January 28, 2010

Following the President’s State of the Union last night, a look around the business economic community

Ford Motors posted an annual profit for the first time since 2005. While the numbers were boosted by special items, this is a huge step forward for the American automaker after it took a beating during the second half of the last decade.

Durable goods orders in the United States rose 0.9% last month, another positive indicator that the American economy is showing signs of life. Unfortunately, this news was buffeted by a greater than expected number of jobless claims, a sign that labor market improvement is coming along more slowly than hoped for.

– I mentioned yesterday that Toyota was forced to recall over a million vehicles from the US market. Now that recall has extended to Europe and China as well in another blow to the automaker.

– And oh yeah, the President gave some State of the Union speech last night. The Wall Street Journal has a nice recap.

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