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Business News


This week we are set-up for a two day Federal Reserve meeting that will conclude with Chairman Janet Yellen giving her first press conference.  For the time being markets seem to be shrugging off event in Europe and are looking to open higher.

In 2013 the percentage of workers relocating for a new job climbed 35% according to outplacement firm Challenger, Gray & Christmas.  About 13% of those finding a new job relocated.  This is a good economic sign that companies are starting to hire and people can also sell their home and be able to move.

Your taxes are due one month from today and Oregonians face the fourth highest tax rate in the nation on dividends at 31% on the top rate. California was the highest at 33% and Washington the lowest at 25%. (Tax Foundation)

US corporations continue to build their cash reserves in foreign banks adding another $206 billion in 2013.  Total offshore cash for US companies stands at $1.95 trillion up 11.3% from last year.  Microsoft, Apple and IBM accounted for 18.2% of last year’s cash increases. (Bloomberg)

Apple is the most desirable mobile-phone brand in the emerging market countries.  Market share for Apple jumped from 21% in 2012 to 32% last year.  Number two Samsung dropped to 29% market share in 2013.  (Upstream)

 

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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