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Rudy Maxa
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Rudy Maxa
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Business News


The S&P 500 closed just above the flat line yesterday, but it was enough to paste together a three day winning streak.  Today new Fed Chair Janet Yellen goes to Capitol Hill for her first public testimony. (Fox Business News)

The National Federation of Independent Business Small Business Optimism Index moved higher for a third straight month.  Outlook for increasing sales was up 15% and hiring was at its highest level since 2007 up 12%. (NFIB Report)

Oregon computer chip equipment maker Electro Scientific Industries continues to struggle posting flat sales and a loss of almost $5 million last quarter.  In addition the company downgraded its sales expectations for 2014 by 20%. (Business Wire)

Mercedes posted record US sales in January.  The luxury automaker sold 22,604 cars up 103 autos from last year. (Bloomberg)

Big union vote this week at a Volkswagen plant in Chattanooga, Tennessee as the UAW tries to organize their first plant south of the Mason-Dixon Line.  Auto producers have built 23 plants in the south since 1990 and none are organized. (Wall Street Journal)
 

 

Traffic & Weather

 

 

 

 

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.

 
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