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Business News


US Stocks sold off sharply yesterday led lower by the tech heavy NASDAQ which saw it's largest 3 day drop since November of 2011.  This morning markets are trading

Cash rich NIKE is ramping up purchases of its stock as they continue their strategy of returning cash to shareholders through buybacks and dividends.  The company is 1/3 of the way through an $8 Billion buyback of their stock.  The current buyback follows a previous $5 Billion buyback program.  Both programs have benefited shareholders with Nike's stock soaring over the last year.  Shares of NIKE are trading at $72/share.

The National Federation of Independent Small Business optimism index is out this morning showing a 2 point rise in March.  The index is still off the post recession high saw in January.  Small business owners report the 3 biggest problems in their businesses are taxes, government regulations and red tape, and poor sales.

And the United States is warning China about the recent depreciation in their currency the Yuan.  The US Treasury is pressing China to let the Yuan float in the market so that natural market exchange rates can determine its value.  A weak Yuan makes Chinese exports cheaper for US consumers at the expense of US producers.  Many at the Treasury believe the Chinese manipulate the Yuan to weaken it so they can export more globally.

 

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.

 

R.A.B. Construction:

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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