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Dirk Van
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Dirk Van
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Business News


We ended last week with a big sell-off as good news gave investors a reason to take profits.  This week we begin earnings season which over the last couple years has been the real market mover. (Seeking Alpha)

Medford based Lithia Motors continues its acquisition binge, hitting the century mark for dealerships.  The company is buying a Ford dealership in Texas and opening a Chrysler dealership in Alaska. Lithia is now the eighth largest car seller in the US selling 28 brands in 12 states. (Market Wired)

Strong Asian demand has pushed Oregon log prices to 20-year highs.  About 2 billion board feet of logs are exported from private lands in Oregon, Washington and Northern California last year. Most the logs go to China.  In 2013 Oregon log exports were double those seen in 2009 we Chinese demand started to ramp up. (Oregon Live)

Even when you are dead you can make money.  Former lead man of Nirvana, Kurt Cobain, killed himself 20-years ago this weekend.  Last year he sold 350,000 albums and 900,000 singles for revenue of almost $4.5 million.  His estate is valued at $450 million. (CNBC)
 

 

Traffic & Weather

  • Brookswood Blvd CLOSED >< Pinebrook and Lodgepole Dr. (5/14 - 9/4)
  • Skyline Ranch Road CLOSED behind Summit High School (4/22 - 7/22)
  • Brosterhous Road CLOSED from Parrell Road to Brentwood Avenue (7/3)
  • Lane Closure on Mt. Washington Drive between Archie Briggs Road (7/1)
  • Smoke Stack Lane CLOSED between N.E. Sierra and Comet Lane (7/1)
  • Road Closures in the area of Summit High School for a cycling event 3:45 p.m. - 7: 45 p.m. (July 1, 8, 16, 29)
 
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