Three items caught my attention as important trends in the world of business:

The US has lost 17,000 jobs in January 2008 says a report in the Washington Post. The nation shed jobs in January, the government reported yesterday, the first monthly loss since 2003, providing fresh evidence that the housing downturn and credit crisis have spread to the job market.

Microsoft has bid $ 44.6 billion to buy Yahoo. “The market is increasingly dominated by one player,” said Kevin R. Johnson, a Microsoft division president, referring to Google. “By combining assets of Microsoft and Yahoo, we can offer a more competitive choice for consumers, advertisers and publishers.”

Hyundai opened its second plant in India making the country its biggest foriegn manufacturing site. Hyundai is the second biggest carmaker in India.