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Business News

U.S. stocks were slightly higher yesterday, wavering between gains and losses as investors considered the latest hurdles to a U.S.-China trade deal.


Uber reported earnings yesterday for the first time as a public company.  The company lost $1 Billion on $3 Billion in revenue.  Investors remain skeptical about Uber’s path to profitability.


Pending home sales fell a seasonally adjusted 1.5% in April and were 2% lower than a year ago, according to the National Association of Realtors.  The National Association of Realtors index, which tracks home-contract signings, has been volatile, but the trend is solidly downward. April marked the 16th-straight month of annual declines.

Frontier Communications, which provides phone, internet and cable TV service in Portland’s suburbs and some rural parts of Oregon, said Wednesday it has sold its Northwest operations for $1.4 billion.  The buyers are two investment firms, WaveDivision Capital and Searchlight Capital Partners.  The deal covers 350,000 residential and business customers in Oregon, Washington, Idaho and Montana.

According to Jeff Eager and the Bend Entrepreneur Report, new business registrations in Bend for the first 4 months of 2019 outpaced the same period in 2018.  There have been 1,299 new businesses formed in Bend in the first 4 months of the year.

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  • Click on the link for the latest conditions on the mountain passes.
  • Roundabout at intersection of NW Shevlin Park Road and NW Mt. Washington Drive for roundabout reconstruction, road closure with detours, 5/13/19 - 6/27/19.
  • Empire at Purcell CLOSED for RAB contruction through August.
  • RDM:SW 15th St from SW Indian Ave to SW Kalama Ave – Closed for construction thru August 15, 2019
  • Brosterhous Road between American Lane and Jacklight Lane for sewer main installation, southbound lane closures with detours, until 7/15/19.