Rush Limbaugh

ON AIR NOW

Rush Limbaugh

9:00am - 12:00pm

Contact
Business News


US retail sales rose 0.3% in February.  That is better than expected and stops a two month slide. (Bloomberg)

 

Inflation on imported goods was up 0.9%. That is about twice as much as expected and does show a little bit of possible inflation pressure.  (Associated Press)

 

New unemployment claims were down 5000 to 315,000 a good number. (Department of Labor)

 

US consumer inflation has risen at an average annual rate of 1.62% over the last five years.  But how you feel it all depends on what you buy.  During the same time period cigarettes and long distance phone calls were up 10% annually, peanut butter was up over 7% and bacon was up 6%.  Falling prices included TV’s down over 13% and computers down 8%.(Wall Street Journal)

 

As Oregon’s largest employer, Intel, struggles with flat sales in a growing market they are cutting jobs.  The company says they will shed 400 more jobs in April on their way to shedding 5% of their workforce.  How many of the 400 jobs being cut will be from the 17,000 in Oregon was not released. (Oregon Live)

 

Northwest headquartered pizza maker Papa Murphy’s has filed paperwork to become a publically traded company.  The IPO looks to raise about $70 million.  Papa Murphy’s is the nation’s 5th largest pizza chain with 1418 locations. (Reuters)

Traffic

 

 

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

 

  • North 3rd St >< Division and O.B. Riley Rd, single lane N-Bound (6/15-8/30)
  • South 3rd St >< Wilson and Reed Ln, single lane closures South Bound 5a-2p (8/30)
  • Construction at 27th Street . Northbound Lane Closed from Ferguson to Bear Creek.  Detour in place.
  • O.B. Riley Road South-bound lane closed south of Mervin Samples Rd (12/17)
  • Butler Market East-bound lane closed E of 4th St. for sewer construction. (12/17)