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Business News

Lots of Red before Valentines Day


January retail sales were down 0.4%, take out auto sales and the number was flat.  These are disappointing numbers and will most likely be blamed on the weather. (Bloomberg)

Oregon is number six in tech exports in the US.  Oregon companies exported $6.4 billion in products overseas in 2012.  That is down from $8 billion in tech exports in 2008. Top purchasers of Oregon products are Malaysia, China, Costa Rica and Vietnam. (TechAmeica Foundation)

US home owners behind on their mortgage payments are at their lowest levels in five years.  Those behind more than two months fell to 3.85% in the last quarter of 2013 down from 5.08% a year earlier. The Oregon delinquency rate is 3.25%.  (Associated Press)

Oregon chipmaker TriQuint Semiconductor has hired Goldman Sachs to help it deal with attacks by activist investor Starboard Value. The company has struggled with capacity and growth issues over the last couple years.  Goldman will help the company review their options including plant closings and possible sale. (Forbes)

US employers posted fewer job openings in December, but openings remain at five and a half year highs.  There were almost 4 million open jobs posted in the US during December.  New unemployment claims for last week climbed 8,000 to 339,000.  (Associated Press)
 


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