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Business News


The Federal Reserve starts a two day meeting today that will end in the Chairman’s press conference tomorrow.  It is widely anticipated that Ben Bernanke will announce a slowdown in their bond purchasing program.  That could introduce significant volatility into markets. (CNBC)

Inflation at the consumer level was up 0.1% in August.  The number is cool and shows inflation remains in check. (Department of Commerce)

Vancouver based pizza maker Papa Murphy is looking to make some big changes.  The company is rolling out new designs for their stores.  The foot print will not change, but the décor will.  They are also preparing for an initial public offering.  The company reported $800 million in revenue last year. (Reuters)

As they are building a new store in Bend and a few months ago fired their founder from the board, Men Wearhouse is struggling.  The company said profits fell 28% last quarter, sales were down 2.3%. (Associated Press)

Regulators say Citigroup must pay a couple $3.1 million for real estate investments one of their former brokers sold in a politician’s development.  The broker was not supposed to be selling the product and Citigroup did not catch him doing it.  That broker is now employed by Wells Fargo Advisors.
 

 

Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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