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The manufacturing sector expanded in January with the Institute for Supply Management index hitting 56. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting. The overall economy has grown for 92 consecutive months. (AP)

Ahead of Fridays big government jobs report ADP
says private companies added 246,000 new workers to the payroll in January. Goods-producing companies hired 46,000 workers, the highest in two years. Construction added 25,000 jobs and manufacturing added 15,000 jobs. Services added 201,000 positions. Firms employing 50-499 workers added 102,000 jobs. Small businesses hired 62,000, while large companies hired 83,000 persons. (CNBC)

The Portland office of Walmart Labs is cutting eight of its 29 positions as part of their e-commerce business. Company-wide the company is cutting a total of 200 positions from the e-commerce organization. (PBJ)

Facebook exceed earnings and revenue estimates as ad sales grew 53%. (AP)

Royal Dutch Shell recorded its worst annual profit in more than a decade, as low oil prices continue to weigh on the industry. (CNBC)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.
 

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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.