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Oregon’s largest employer, Intel, saw sales rise 3% in the fourth quarter, its best growth in six quarters. This came despite a continued decline in PC shipments.  The company is projecting no sales growth in 2014. (Market Watch)

GE profits rose 8% and sales were up 3%.  CEO Jeff Immelt says the company saw good conditions in emerging markets, strength in the US and a mixed environment in Europe. (Reuters)

If you like technology you might have been one of the first to own a Nest Thermostat.  Google is buying the company for $3.2 billion in cash as they branch into even more technologies.  Nest just introduced a smoke alarm product that you can also control from your phone. (Yahoo Finance)

The Fed’s posted the largest budget surplus for any December on record in 2013 thanks to $25 billion in dividend payments from Fannie Mae and Freddie Mac.  That puts the US budget deficit at $123 billion for the first half of the fiscal year. (Fox Business News)

US housing starts were just shy of a million in 2013 at 999,000. New starts were down almost 10% in December after a huge November boom. (CNBC)

Join us Saturday at 10 for Financial Focus when Tyler and I will take your questions and talk Obama Care with health insurance expert Don Klippenes of Health Insurance Strategies.
 

Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.