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Donny Caccamise and Tom Spence

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US Stocks ended slightly higher yesterday for the 3rd straight day as investors shrugged off mildly disappointing economic reports on inflation and the housing market.

FedEx's shares rose 4% this morning after the shipping company on Wednesday said its fiscal fourth-quarter profit rose to $730 million, or $2.46 a share, from $679 million, or $2.13 a share, a year earlier. Revenue ticked higher to $11.8 billion from $11.4 billion which was better than Wall St expected.(yahoo finance)

US Consumer prices recorded their largest increase in more than a year last month as costs for a range of goods and services rose easing the Federal Reserve's concern that inflation was running too low.(marketwatch.com)

AT&T will be the exclusive carrier for the new Amazon smartphone set to be announced today.  The Amazon phone will reportedly have a three dimensional display.  Shares of both companies rose on that news.(marketwatch.com)

The State of Oregon employment department reported Oregon's unemployment rate ticked up from 6.8% to 6.9% last month.  The rise in the unemployment rate came despite the Oregon economy adding 4,200 jobs in May.  The increase happened because more people ended the labor market.(Portland business journal)

Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.