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Bob Brinker
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Bob Brinker
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Business News


Volatility is back for equity markets so far in 2014 as we are having another see saw week.  Despite record earnings for the S&P 500, weather impacted economic data is having the bigger impact on the markets. (Fox News)

The ADP jobs report says the private sector added 175,000 jobs in January.  Most of the strength was job additions in the small business sector. Weather did have a small downward impact on the number. (CNBC)

Mortgage applications were essentially flat last week.  The 30-year fixed mortgage rate is at three month lows standing at 4.47%. (Mortgage Bankers Association)

Wal-Mart will spend almost half a billion dollars in their continued push into the Canadian grocery market.  The company plans to add 35 supercenter stores in Canada during 2014. The company currently has 360 stores in the great white north. (Market Watch)

Microsoft, the company that made more last quarter than Google, Facebook, Amazon and Cisco Systems combined, says they will stop supporting Windows XP in April. The operating system is now 12 years old.  The biggest impact will be felt by banks.  An estimated 95% of ATMS use Windows XP.  (CNN Money)
 

 

Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

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.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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