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Business News


Northwest fitness equipment maker Nautilus seems to have turned a corner after languishing for years with disappointing earnings.  The company saw sales climb 21% in the first quarter reaping a profit of $5.4 million up 10% from last year. (Business Wire)

German based Adidas, with North American headquarters in Portland, saw flat sales and declining profits of 34% in the first quarter as currency rates and suffering sales at TaylorMade golf drug down profits. This summer’s soccer World Cup in Brazil was cited as an expected boom for this summer’s sales.  (Bloomberg)

US exports climbed $4 billion in March in a big part due to an increase in plane deliveries by Boeing. Industrial supplies and autos were also up.  Imports also climbed showing the US consumer is still looking to buy as the economy strengthens. (Reuters)

Papa Murphy’s Pizza went public last Friday trading under the symbol FRSH.  The company raised $70 million going public at $11 a share.  The company has 1425 locations in 38 states, Canada and the United Arab Emirates. (Yahoo Finance)

Non-farm labor productivity in the first quarter fell 1.7% and labor costs rose 4.2%. Those numbers are much different than expected and give a hint that inflation pressure, while not excessive, are building in the economy. (CNBC)

 

Traffic & Weather

  • Brookswood Blvd CLOSED >< Pinebrook and Lodgepole Dr. (5/14 - 9/4)
  • Bradbury Way closed through September 9th.
  • Lane Closure on Portland Avenue from College Way to 9th Street (9/1-3)
 
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