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Mark Levin
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Mark Levin
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Business News


When markets trade on emotions you have to be ready for sometimes violent mood swings.  Mr. Market was happy on Thursday and Friday as a short-term debt solution looked near.  But this morning his mood is dark as negotiations appear to have broken down.  Stock markets look to open lower this morning. Bond markets are closed for Columbus Day celebrations.

Apple will unveil its newest iPad update on October 22nd.  Sources say to look for a bigger screen and thinner style.  Global tablet sales fell 9.7% in the second quarter with 45.1 million tablets being shipped. Apple sold 14.6 million iPads in the second quarter. (AllThingsD)

Intel has delayed its OnCue online video service.  The new service is designed to challenge conventional cable TV.  The company is now looking to 2014 for launch and is looking for a partner to boost the deal. The new service is a big move from the company’s core business of making computer chips. (NY Times)

As the US becomes a bigger exporter of natural gas the 2015 completion for widening the Panama Canal will cut shipping costs to Asia by shortening voyages and cutting turnaround times.  The 2015 opening of the improved Canal will double the shipping lanes capacity.  (Bloomberg)
 

 

Traffic & Weather

 

 

 

 

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

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

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.

 

R.A.B. Construction:

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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