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George Noorey
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George Noorey
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Business News


Stocks are showing some weakness on international concerns including perceived economic slowing in China and uncertainty in the Ukraine. China consumes 40% of the world’s copper and has sent the metal into an epic 4-day decline reaching its lowest price level in 44-months. (CNBC)

The National Federation of Independent Business Small Business Optimism Index crashed down to its lowest level in three years during February.  The report showed new weakness in small business owner’s expectations for future sales and economic growth.  

The dating is over and there is going to be a wedding.  Men’s Wearhouse will buy Jos A Bank for $1.8 billion in cash.  As part of the deal Jos A Bank will terminate the agreement they made earlier this year to buy Eddie Bauer. (Market Watch)

In what could be another weather related economic event, merchandise piled up on wholesaler shelves in January.  Inventories climbed 0.6% and sales fell 1.9%.  Even with the increase inventories are historically lean. (Wall Street Journal)

You thought the NSA was what you had to worry about when you are online?  Nike along with Intel has taken a stake in Reflektion, a company that used online analytics to predict consumer shopping habits.  (Oregon Live)

Oil was down almost $2 yesterday and is down another $1.50 today at $98.50 a barrel. The realization that demand growth maybe slower than thought and lots of supply are making for a slippery pricing situation. (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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