Rush Limbaugh

ON AIR NOW

Rush Limbaugh

9:00am - 12:00pm

Contact
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

 

 

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

 

  • I-84,Troutdale MP 17 - 62, in the Coumbia Gorge remains closed. The highway is closed EB at Exit 17 in Troutdale. Trucks use US-26 to OR-35 as an alternate route.

 

  • Construction at 27th Street . Northbound Lane Closed from Ferguson to Bear Creek.  Detour in place.

 

  • 27th and Bear Creek Rd intersection varying traffic control changes

 

  • O.B. Riley Road South-bound lane closed south of Mervin Samples Rd (12/17)