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Business News


Markets slipped into a down mood yesterday afternoon as the US Congress stumbled and bumbled toward the debt ceiling limit of tomorrow.  Heaping on to the foul mood was an announcement after the bell that the credit rating agency Fitch put US debt on a negative outlook for a possible downgraded. (Fox Business News)

There were no surprises yesterday as Intel released their third quarter profits.  Sales increased 0.2% from last year and profits increased 22% over last year.  The company was able to increase margins by 62% year-over-year.  (Zacks)

Bank of America beat the street in Q3.  Sales increased 6% helped by favorable credit conditions. Profits came in at 20 cents per share up from essentially zero last.  They were upbeat about the future. (Associated Press)

PepsiCo, parent company of Pepsi, Frito-Lay and Tropicana juice, posted profits of $1.91 billion up 1% from last year.  The company was able to increase prices an average of 3% during the last quarter. (Reuters)
 

 

Traffic & Weather

 

 

 

  • Lane closures and detours Mt. WA Dr at Shevlin Park Road North to Regency (7/11-11/30)

 

  • Road closures along Roosevelt Ave >< Silver Lake Blvd -Chamberlain St. 7a-5p (9/6-11/20)

 

  • 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 – November.
 
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