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Business News

Economy Continues to Heal


Jeld-Wen has a new CEO at the helm.  Kirk Hachigian is taking over and will also be chairman of one of Oregon’s largest privately held companies.  Jeld-Wen recently moved its corporate headquarters to North Carolina. (Associated Press)

Safeway has put out the for sale sign, as the nation’s second largest grocer says it is in talks with potential buyers.  The company has about 1335 stores across the nation. (Bloomberg)

S&P 500 companies are exceeding sales forecasts by the most since 2012 this quarter. The earnings beats have been led by the bank, utility and pharmaceutical sectors. (Bloomberg)

The founder of hunting and fishing retailer Cabela’s has died.  Richard Cabela was 77.  He founded the company in 1961 with his wife and brother.  Cabela’s sells from its website and 50 stores about $3.2 billion in goods each year. (Bloomberg)

 

The index of leading economic indicators climbed in January as we look three to six months into the future. The index was up 0.3% with 5 of the 10 components rising.  Hiring and factory production both improved. (Bloomberg)

 


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