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An Oregon business legend has passed. Benjamin Whiteley was 87. He died on May 4th.  He was the former CEO of The Standard insurance company and chairman of Greenbrier Companies.  He also served on the boards of Northwest Natural Gas and Willamette Industries. (PBJ)

The Volatility Index, also known as the VIX (VIX) closed at 9.77 Monday for the lowest close on the "fear gauge" since December 1993. Going back to 1990, this is only the 10th close beneath 10 and the first since January 2007. (LPL Research)

Total mortgage application volume increased 2.4% last week. Volume is still nearly 14% below a year-ago. Mortgage applications to purchase a home gained 2% for the week and are 6% higher than a year ago. Mortgage applications to refinance a home loan rose 3% for the week but are 32% below last year. The average interest rate for 30-year fixed rate mortgage remained unchanged at 4.23%. (Mortgage Bankers Association)

Proctor & Gamble's Gillette revamped its subscription-based shaving razor service to include a text-to-order feature, the latest move in its battle with Unilever's Dollar Shave Club. (CNBC)

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

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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.