Portland-based helicopter operator Erickson has named Doug Kitani as their new CEO. Kitani is a West Point graduate who has worked in the defense contractor and aerospace industry for the past 14 years. For the past three years, he was CEO at IAP Worldwide Services. (Oregon Live)
Frozen concentrated orange juice futures are spiking higher as Hurricane Irma approaches Florida. In 2017 Florida was expected to produce more than half of the U.S. oranges and nearly half of the nation’s grapefruit. (CNBC)
Just 109 days till Christmas and Wal-Mart has started its holiday layaway plan. The program allows customers to put as little as $10 down to hold items with a minimum sales price of $50. (CNBC)
Nike has informed the State of Oregon it is terminating 490 workers. The reductions, all non-union workers, will take place by September 30th. Nike employs more than 70,000 workers world-wide and over 12,000 in Oregon. (PBJ)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.