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Rudy Maxa
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Rudy Maxa
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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

 

 

 

 

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.

 
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