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Jim Bohannon
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Business News


On Friday the S&P 500 had its best day in almost 5 months to post a gain for the week. The S&P 500 is down 1.64% for the last month and up 4.5% for the year. (Yahoo Finance)

Households are bouncing back after the recession, With 60% saying they are "doing okay" or "living comfortably". 39% of families have a rainy day fund to cover three months of expenses. But just 48% could cover a $400 emergency expense without borrowing or selling something. (USA TODAY)

McDonald's says it's global sales forecast for 2014 is at risk after a food scare forced it to temporarily withdrawn menu items such as Big Macs and Spicy Mcwings in China. McDonald's said same restaurant sales in Asia-Pacific, Middle East and Africa fell 7.3% in July. Worldwide comparable sales at restaurants open at least 13 months fell 2.5% and US same restaurant sales fell 3.2%. US sales have been down or flat since November 2013. (Reuters)

Boeing and United technologies have been stockpiling titanium from a Russian producer in case international tensions disrupt supplies of the metal critical to building jet airliners. The companies by a substantial share of their titanium the from the Russian producer, the world's largest titanium producer. Internationally four companies provide 90% of the titanium used in the aerospace industry this year, with Russia accounting for 30% of that. (Wall Street Journal)

 

Traffic & Weather

 

 

 

 

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

 

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.

 
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