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George Noorey
George Noorey
12:00am - 2:00am

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Business News

Umpqua Bank posted fourth quarter earnings that were in line with expectations. For the entire year profits were up 1% and for Q4 were down 5%.  Loan growth was up 10%, but mortgages were down 47% as refinancing slows. (Business Wire)

McDonald’s posted fourth quarter profits 1.5% higher than last year.  Sales were up 2%.  The company saw same store sales declines in December almost across the board.  Company leadership acknowledged 2013 was a challenging year. (Reuters)

The Portland Airport served a record 15 million travelers in 2013, breaking the last high water mark set in 2007.  December was also a record month up 10% from 2012.  (OregonLive)

For investors when the heard starts running all in the same direction it is usually time to start worrying.  While not frothy a survey of Bloomberg subscribers last week said 59% say the economic outlook is improving.  That is up from 33% in November. (Bloomberg)

In a positive economic sign US job openings and the number of people quitting their jobs reached five year highs in November.  Job openings were up 1.8% and those quitting was up 1.9%.  Job opening levels reached 4 million for the first time since March of 2008. (Associated Press)


Traffic & Weather

  • Chains or Traction Tires required on the mountain passes and Highway 97 South of Bend.
  • Traffic signals at US 97 and Pinebrook Blvd. turned off permanently.
  • Lane closure on Boyd Acres Road at Ross Road; 7am - 4:30pm through December 10
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