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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)

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

 

  • North 3rd St >< Division and O.B. Riley Rd, single lane N-Bound (6/15-8/30)
  • South 3rd St >< Wilson and Reed Ln, single lane closures South Bound 5a-2p (8/30)
  • Construction at 27th Street . Northbound Lane Closed from Ferguson to Bear Creek.  Detour in place.
  • O.B. Riley Road South-bound lane closed south of Mervin Samples Rd (12/17)
  • Butler Market East-bound lane closed E of 4th St. for sewer construction. (12/17)