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Business News

Business News


The federal government is shut down and the world has not come to an end as far as the markets are concerned.  While we ended Monday to the downside the S&P 500 was up almost 3% in September and over 4% for the third quarter.  (Bloomberg)

Walgreens posted a quarterly profits of $657 million up 16% from the same time last year.  Same store sales were up almost 5%. The company attributed its strong performance to its pharmacy business and cost control.  (CBS)

The ISM Chicago business manufacturing index for the mid-west was up sharply in September and better than expected.  The index showed strong growth in new orders for companies. (Reuters

After a 13-year run Coke has lost the title of most valuable brand falling to third behind tech giants Apple and Google.  Half of the top ten are tech companies.  McDonald’s is the only other food company along with Coke in the top ten. (CNBC)

The number of banks and branches are declining in Oregon as the big banks get even bigger.  US Bank, Bank of America and Wells Fargo hold 52% of all Oregon deposits up from 44% a year ago.  Last year there were 60 banks in Oregon now there are 57.  The number of Oregon branches fell by 24 in 2013 to 1100. (FDIC Data)
 


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