KBND Morning News

ON AIR NOW

KBND Morning News

6:00am - 9:00am

Contact
Business News


The Department of Labor says the economy added 113,000 jobs in January. The private sector added 142,000 and government cut 29,000 jobs.  Big gains were in construction and manufacturing jobs and big losses were in the retail sector. The unemployment rate stands at 6.6%, the lowest since October of 2008. (Department of Labor)

Oregon programmable chipmaker Lattice Semiconductor posted sales 36% higher than last year and turned last year’s loss into a $6.5 million quarterly profit.  Lattice has been restructuring and reinventing itself over the last couple years and it is starting to pay off.  Sales in 2014 are expected to grow in the double digits. (Market Wire)

Ever since the Federal Reserve slowed its bond buying program interest rates have been surprisingly falling.  That has driven a 30-year fixed rate mortgage to 4.23% at the end of January.  That is the 3rd straight month of decline. (Associated Press)

Nordstrom will close two long-time northwest locations.  The Vancouver Westfield Mall and Lloyd Center locations will close by January of 2015. That will mean the loss of 220 Oregon jobs.  The company said while the stores were profitable they did not generate revenues robust enough to warrant the costs of needed remodeling. (PR Newswire)

Join us Saturday at 10 for Financial Focus when we will talk about the recent market downturn and our outlook for the economy.
 

Hide Comments

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.