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Business News


At 11am we get the Federal Reserve meeting minutes from their January get together.  This could move markets. (CNBC)
 
New housing starts for last month fell 16%.  Can you say weather?  (Bloomberg)

Inflation at the manufacturing level, also known as PPI, was up 0.2%, last month.  A little hotter than expected.   (Fox Business News)

Mortgage applications, both refinancing and new purchase, fell 4.1% last week.  Loans for an original home purchase fell 6.3% to its lowest level since September 2011. (Mortgage Bankers Association)

Renewable energy mandates come at a cost. Portland General Electric is asking for a 4.6% rate increase to cover the cost of its new $500 million wind farm.  This comes on top of the 7% rate increase that kicked in the first of the year (Associated Press)

Nike is raising its dividend by 14% to 24 cents a share.  The company has plenty of cash to cover the increase with $5.1 billion in the bank.  The new dividend will mean a $214 million payout to shareholders. (Market Wired)
 

 

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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