Mark Levin


Mark Levin

3:00pm - 6:00pm

Business News

Mentor Graphics' $4.5 billion sale, which closed last week, won't bring immediate changes to the company or its Wilsonville headquarters, says the new owner Siemens. Mentor will retain its name, headquarters and CEO. Siemens the German engineering giant also said Mentor will hold onto the vast majority of its employees. Mentor reported record revenue of $1.3 billion in 2016 and $155 million in profits. Mentor employed 5,700 before the deal with Siemens, including about 1,000 at its 53-acre Wilsonville campus. (PBJ)

A little deeper looks at the March jobs report. The U.S. economy created 98,000 jobs in March, decelerating from February's downwardly revised 219,000. The unemployment rate was a positive surprise, falling from 4.7% to 4.5%. Wage growth disappointed slightly at +0.2% month-over-month growth, but stands at a healthy 2.7% year over year. Slowing job growth is normal at this point in the cycle. Job creation would need to slow to a sustained 25,000-50,000 per month to signal that a recession may be imminent. (LPL Research)

The banking scandal at Wells Fargo is still unfolding. An independent Wells Fargo investigation into that sales scandal, is clawing back an additional $28 million in pay from former CEO John Stumpf and $47 million from community banking chief Carrie Tolstedt. (CNBC)

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

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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.