KBND Logo

 

On Air Now

George Noorey
ON AIR NOW
George Noorey
9:00pm - 12:00am
Contact

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
Business News


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)

 

Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
LinkedUpRadio Envisionwise Web Services