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Business News


It is merger and acquisition Monday and Japanese Suntory Holdings is buying BEAM, makers of Jim Beam and Makers Mark Whiskeys, for $16 billion in cash and debt.  The $83.50 per share deal is a 25% premium to Friday’s closing price. (Market Watch)

China became the world’s largest trading nation in 2013, overtaking the US.  The world’s second largest economy saw $4 trillion in trade. Chinese exports were up 7.9% and imports were up 7.3%. (The Guardian)

While we did not get all that cold weather here in Oregon, the Midwest and east saw last week, it may touch your pocket book.  The cold winter weather may have damaged up to 15% of the winter wheat crop, cattle prices are the highest on record as the cold halts slaughtering and transportation and up to 15% of the citrus crop has been damaged.  All this may lead to higher prices. (Bloomberg)

This falls under the category – “why do my shoes cost so much?” – A Portland pimp has filed a $100 million lawsuit against Nike.  He says the company should have had a label warning him his Air Jordan’s could be used as a dangerous weapon.  This comes after he was sentenced to 100-years in prison for a brutal beating he gave with a pair of Nike shoes. (OregonLive)
 

 

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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