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The holiday is over and it is back to work.  Diversified healthcare company, Johnson and Johnson posted a profit 35% higher than last year. The $3.52 billion profit came despite an $800 million charge for recall of defective “metal-on-metal” hip replacement  devices. (Reuters) 


Verizon sales rose 3.4% as it added more wireless subscribers.  Profits were up 19%.  Both good numbers.  Traders look to next month to see if they have lost customers to T-Mobiles aggressive pricing. (Reuters)

Oregon’s largest employer, Intel, says they will cut their workforce 5% or about 5400 jobs this year.  What that means for Intel’s 17,000 Oregon jobs is not yet know.  The company is struggling with the transition from PC’s to mobile computing as currently two thirds of their production is for the declining PC market. (Associated Press)

Oregon media measurement company Rentrak stock is jumping after signing CBS to a ratings agreement.  The CBS deal helps them break into the national market and the strangle hold once held by the Nielsen rating company.  Rentrak stock almost doubled in 2013 and is up another 33% in 2014. (Bloomberg)

US oil production grew in 2013 by 15%.  That is the fastest annua growth of any country in the last two decades. (CNBC)
 

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.