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

Wednesday Quick Links | February 3, 2010

The US economy shed approximately 20,000 jobs in January, just beating forecasts for the month. Following the 5.7% growth in GDP last quarter, many economists expect employers to start adding jobs over the next few months.

– In a separate, but related item, Bloomberg reports that the economy most likely added service jobs over the same time period. This is an important development because services are now the vast majority of the US economy.

– From bad to worse for Toyota. The automaker suffered another blow with more than 100 complaints about the brake pedal in its Hybrid Prius model. Needless to say, the company’s sterling quality reputation will take another hit.

– The situation in Greece becomes more interesting by the day. The EU has approved a plan from the debt-ridden country to get its fiscal situation under control, but the plan demands heavy cuts from public sector employees. As a result, government workers are preparing to strike next week.

– Both Time Warner and Pfizer announced strong fourth quarter numbers, with each company posting higher profits than the same quarter last year.

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