Happy Slurpee Day!
Lone Rock Timber of Roseburg has filed a lawsuit, naming the State Land Board and Oregon Department of State Lands, seeking $1.3 million for out-of-pocket expenses plus $2 million in "lost business opportunity damages" after the state reneged on an offer to sell them the Elliott State Forest. The company also seeks 9% interest on the expenses it says it's owed. The suit alleges Oregon violated its own policies when elected officials "unilaterally and wrongfully terminated" an agreement to sell the land to the company for $220.8 million. (OregonLive)
Investors have yanked $26.7 billion from Goldman Sachs mutual funds in 2017. This makes Goldman the world's worst-selling fund manager globally. (Morningstar/FT)
Apple's market share of selling and renting movies is declining. Their market share is now between 20% and 35%, down from 50% in 2012. (Wall Street Journal)
PepsiCo reported a better-than-expected quarterly profits. Sales in the North America beverage business rose 2% to $5.24 billion. Total profits rose to $2.11 billion, or $1.46 per share up from $2.01 billion, or $1.38 per share, a year earlier. Total sales rose 2.1% to $15.71 billion. (Reuters)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.