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Walgreens has approval to buy Rite Aid.  They will buy 1,932 Rite Aid stores for $4.38 billion. With the addition of the Rite Aid stores, Walgreens will have about 10,000 locations in the U.S.. Integration will begin in October and be completed in the spring of 2018. The remaining 1,200 Rite Aid stores will go to another buyer. (OregonLive)

 

The National Association of Realtors said existing home sales fell 1.7% in August.  That is the fourth decline in five months. To blame is a lack of available homes to buy. The median existing-home price in August was $253,500, up 5.6%. Total housing inventory in August declined 2.1% and is 6.5% lower than a year ago.

 

Supermarket chain Albertsons, is buying meal-kit delivery service Plated. Financial terms of the deal were not disclosed. Albertsons says Plated meal kits will be offered at its stores, online, and through other distribution options. (Reuters)

 

The index of leading economic indicators increased 0.4% in August, more-than-expected. The index projects the economy in 6 to 12 months. It tracks 10 components, including manufacturers' new orders, stock prices and average weekly initial claims for unemployment insurance. (CNBC)

 

The S&P 500 is down 2 and the NASDAQ is down 14.  The MSCI international index is lower.

Oil is down 12 cents at $50.43 a barrel.

Gold is up $4 at $1298 a Troy ounce.

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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.