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Business News

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.
 


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