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Oregon’s largest employer Intel has agreed to buy Israeli driverless technology firm Mobileye for $15.3 billion. That is a $63.54 per share cash deal.  Mobileye was founded in 1999. Mobileye employs 600 people. (Reuters)

Small business optimism is near its highest level in 43 years, according to the February National Federation of Independent Business Small Business Optimism Index. The Index fell 0.6 points in February to 105.3. Three of the ten components increased, six declined modestly, and one was unchanged. Half of business owners expect better business conditions in the coming months. The job openings index reached its highest level since December 2000, but owners reported difficulty finding qualified workers. Twenty-six percent of small business owners reported raising compensation, one of the highest readings since February 2007. (NFIB)

U.S. shale oil producers will increase their output by 109,000 barrels a day in April, according to the Energy Information Administration. That will raise total output from the shale oil basins to 5 million barrels a day. Shale drilling started to recover in the second half of 2016. Oil prices hovered near three-month lows on Tuesday (CNBC)

The 10-year Treasury yield hit 2.61% yesterday, the highest level in over two years on expectations the Fed will raise interest rates this week. (WSJ)

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.