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George Noorey
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George Noorey
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Business News


Markets continue to be skittish on overseas news.  China reported their manufacturing sector slowed to a 6-month low in January, but was still showing expansion.  Later today we get lots of economic data. (CNBC)

Food giant Sysco posted a 4.1% increase in sales during the quarter but profits fell 5.3%. The company says business continues to be challenging in the casual dining sector of the economy. (Global Newswire)

The number two US mobile provider, AT&T, says they are cutting prices on large data plans in an attempt to regain ground on Verizon and T-Mobile. The company added 566,000 new net subscribers last quarter. (Reuters)

Jos. A Bank is reportedly in talks to buy retailer Eddie Bauer. In the meantime Men’s Warehouse has sweetened their offer to buy Banks, in a hostile takeover bid.  (Reuters)

The Chinese love luxury goods. BMW is introducing a limited Lunar Year of the Horse M-Class sedan.  The cars will sell for prices up to $458,000 per car.  Sales of BMW climbed 20% last year in China.  (Bloomberg)
 

 

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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