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Markets took a nose dive yesterday when minutes from the Federal Reserve meeting showed they were thinking interest rates may go up mid-year 2015.  Why this was a surprise to investors is one of those cosmic mysteries. (Market Watch)

 

Factory production in China fell to 7-month lows in January.  This data point renews trader fears that the world’s second largest economy could be struggling. (Reuters)

 

Same stores sales at the world’s largest retailer, Wal-Mart, fell 0.4% in Q4 and profits slumped. Overall revenue was up 1.4%.  Of most concern was a lower than expected management forecast for the rest of the year. (Reuters)

 

Bankrupt Redmond outdoor gear maker Altrec looks like it will be scooped up by Minnesota based Active Boarder Corp in bankruptcy court. The proposed price was not listed in court documents.  Today has been set as the date Altrec will be auctioned to the highest bidder.  (Oregon Live)

 

Portland based Columbia Sportswear saw sales increase 6% last quarter as cold weather grips the nation.  The $533 million in sales was a record. Profits however slipped 7%.  The company raised their dividend by 12% to 28 cents a share. (Market Wire)

Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • Purcell Boulevard Northbound lane between Neff Road and Full Moon Drive (West side of the hospital) is closed until December 20th.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.