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Business News


Northwest equipment maker Nautilus saw sales increase 19% in Q4 as profits jumped 13%. CEO Bruce Cazenave says the company expects good growth in 2014 as they continue to expand their product lines. (Business Wire)

Home price growth slowed in the second half of the year, not a bad thing, but still logged a 13.4% increase in 2014 nationally according to the S&P/Case-Schiller Home Price Index.

Oregon barge and railcar maker Greenbrier is moving dozens of senior level positions and 150 manufacturing jobs from Oregon to the Midwest and South. While the company says they will not be moving their headquarters they were critical of crime in Portland and the State’s anti-business attitude and tax policy. (Portland Business Journal)

Target says its fourth quarter profits fell by 46% to $520 million.  Canadian operations losses made up the lion’s share of the company’s profit reductions.  Most Canadian stores were rolled out last year.  Impacts of the Christmas security breach were not apparent in the numbers. (Market Watch)

The amount of US farmland and farmers continues to shrink.  Over 72-million acres of farmland have been lost to other uses since 1982 according to the US Department of Agriculture. The average age of a farmer has steadily increased since 1982 and now sits at 58 years.
 

 

Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

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.

 
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