Lars Larson


Lars Larson

12:00pm - 3:00pm

Business News

Stocks are higher this morning as the Chinese market staged a late session comeback and Europe opened higher on hopes of a meaningful reform proposal from Greece. Ahead of Sunday's deadline for a bailout agreement, Greece is due to present reform proposals to lenders today, which could include tax hikes and pension overhauls. (CNBC)

It is earnings session again. Pepsi had a strong second-quarter despite a stronger dollar that will trim the bottom-line by 11% in 2015. The drink and snack company boosted its full-year profit forecast.  For the quarter Pepsi earned a profit of $1.98 billion the same as last year. Revenues fell to $15.92 billion from $16.89 billion. Sales for Frito-Lay North America climbed 2%, while PepsiCo Americas Beverages sales edged up 1%. (AP)

Alcoa, the aluminum producer, reported second-quarter per-share profit of 19 cents on $5.9 billion in revenue. Profits missed and sales beat expectations. The company's says , they have been able to sign new contracts that bring down costs and say they  will  close its smelter in Brazil, which has a capacity below 100,000 tons per year. (Reuters)

According to this morning's Wall Street Journal IBM will announce a breakthrough this morning in efforts to reduce the size of semiconductors.  This could be the key to the company reinventing itself for future growth.

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  • Click on the link for the latest conditions on the mountain passes.
  • Roundabout at intersection of NW Shevlin Park Road and NW Mt. Washington Drive for roundabout reconstruction, road closure with detours, 5/13/19 - 6/27/19.
  • Empire at Purcell CLOSED for RAB contruction through August.
  • RDM:SW 15th St from SW Indian Ave to SW Kalama Ave – Closed for construction thru August 15, 2019
  • Brosterhous Road between American Lane and Jacklight Lane for sewer main installation, southbound lane closures with detours, until 7/15/19.