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Business News

The Fear Trade is On


Geopolitical tensions have markets on edge today as Russia invades the Crimea.  This has the fear trade firmly in charge as we sort things out.  

Disney has raised prices at their theme parks for the second time in a year, this time by 4%. Theme park admissions account for 20% of the company’s revenue.  One day in the Magic Kingdom now costs an adult $99. (Forbes)

Oregon companies are rearranging the chairs in the corporate boardroom.
Bruce Pettet is the new CEO at optics maker Leupold & Stevens. The company employs 600 persons in Oregon. (Oregon Live)
Nick Konidaris has been relieved as CEO at chip equipment maker ESI.  He will be succeeded by Ed Grady a current member of the board. (Portland Business Journal)
Fitness equipment maker Nautilus has named its third CFO in three years.  Sid Nayar the new CFO most recently was CFO with Congoleum flooring. His base salary is $260,000. (Oregon Live)

Men’s Warehouse and Jos. A. Bank are officially dating.  The two companies have entered a non-disclosure agreement as they are now talking face-to-face about possibly merging. (Reuters)


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