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Business News


Thursday and Friday saw the first two day back-to-back rallies of greater than 1% since the last trading day of 2012 and first trading day of 2013. (CNBC)

McDonald’s says global sales rose 1.2% in January.  Sales in the US fell by a little over 1%.  On Saturday the first golden arches opened in Vietnam. (Reuters)   

Companies won two important unanimous rulings before the Supreme Court recently. The first involved US Air saying they could not be sued when they report security threats to the TSA.  The other involved US Steel saying companies in many cases don’t have to pay workers for time spent putting on and taking off safety gear for work. (Bloomberg)  

As demand for gold coins increases mints are ramping up.  Austria’s AG mint has added a third 8-hour shift to keep up with demand and Australia’s Perth mint saw demand raise 20% this year.  In an example of investors emotional tendencies sales by the US Mint posted their best month since April 2013 in January.  Last Spring the bling plunged into a bear market and prices were over 30% lower. (Bloomberg)  

First there was the football bowl shortage of Velveeta Cheese now comes reports of shortages of Kraft string cheese. The shortage comes amid a recall of millions of packages from a plant in upstate New York. (Associated Press)

 

Traffic & Weather

  • Brookswood Blvd CLOSED >< Pinebrook and Lodgepole Dr. (5/14 - 9/4)
  • Skyline Ranch Road CLOSED behind Summit High School (4/22 - 7/22)
  • Brosterhous Road CLOSED from Parrell Road to Brentwood Avenue (7/3)
  • Lane Closure on Mt. Washington Drive between Archie Briggs Road (7/1)
  • Smoke Stack Lane CLOSED between N.E. Sierra and Comet Lane (7/1)
  • Road Closures in the area of Summit High School for a cycling event 3:45 p.m. - 7: 45 p.m. (July 1, 8, 16, 29)
 
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