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George Noorey
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George Noorey
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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

 

 

 

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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