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Business News


The world’s largest publically held companies paid out more the $1 trillion in dividends last year for the first time ever.  That is a $310 billion increase since 2009.  That is a 49% increase over 5 years. The top 10 companies, oil and bank dominated, accounted for 10% of all dividends paid. (BBC News)

Nordstrom fell short in the fourth quarter as profits slipped 6% on a sales gain of 2.2%.  The company says Christmas season discounting and increased expansion costs at its Rack stores were to blame. (Associated Press)

New foreclosures in the US hit 8 month lows in the fourth quarter as rising prices erase negative equity. Foreclosures have moved back to historical norms with most of the loans still needing to be worked out being very old.  Seventy-five percent of delinquent loans originated before 2007. (Bloomberg)

This morning Men’s Wearhouse has boosted its takeover offer for Jos. A. Banks by 10% to $63.50 a share. (CNBC)

Nike produced 554 patents in 2013 a record for the company as they continue to lead innovation in the apparel and shoe industry.  New patents include glasses that track golf balls, shoe improvements and a new golf bag base. (Portland Business Journal)

 

Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

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.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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