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George Noorey
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George Noorey
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Business News


Triple-A reports the average for a gallon of regular is just above three-34, up nearly a penny from yesterday.  It's also nearly a nickel a gallon above the average of a week ago.

Yesterday’s big rally put us just below all-time highs on the S&P 500 and levels not seen on the NASDAQ since 2000. For the year markets are essentially flat. (Market Wire)

Home Depot sales dipped a meager 1% in Q4 as weather hampered shoppers. Profits were also flat.  The company is raising its dividend 21% and said 2014 is not going to be as good as analysts expect. (Associated Press)

Macy’s sales climbed 1.4% last quarter.  Sales were lower than expected due to weather with 244 stores being closed at some time during January. Profits were up 16% in 2013 its fifth straight year of double digit profit growth. (Business Wire)

Hillsboro-based TriQuint Semiconductor is merging with its North Carolina rival RF Micro Devices.  The all-stock deal will equally value each company and will result in a new name.  TriQuint employees 900 people in Oregon and for the current time those jobs do not appear at risk. (Breifing.com)

 

DirecTV is buying back $3.5 billion in stock.  Sales in Q4 rose 6.7% and profits fell almost 16%.  In the US the satellite provider added 93,000 new subscribers and 231,000 in Latin America. (Bloomberg)

 

 

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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