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George Noorey
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George Noorey
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Business News


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.
 

 

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.

 
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