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Bob Brinker
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Bob Brinker
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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

 

 

 

  • Lane closures and detours Mt. WA Dr at Shevlin Park Road North to Regency (7/11-11/30)

 

  • Road closures along Roosevelt Ave >< Silver Lake Blvd -Chamberlain St. 7a-5p (9/6-11/20)

 

  • 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 – November.
 
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