Inflation at the manufacturing level was down 0.1% in November. Producer price inflation is running at 0.7% for the last 12 months. (Department of Commerce)
Home Depot, the nation’s largest home improvement retailer, expects they will meet their goal of a12% profit margin by the start of 2015, a year earlier than expected. (Bloomberg)
Medford based Lithia Motors, the nation’s ninth largest auto retailer as acquired its 94th dealership buying Diablo Subaru of Walnut Creek California. The company has made six acquisitions this year and sells 28 brands in 11 states. Their sales will be about $4.3 billion in 2013. (Portland Business Journal)
Join us Saturday at 10 for Financial Focus Radio when we talk to former Lehman Brothers trader Larry McDonald.
Domestic oil production is at its highest level since October 1988. Domestic production is up 18% over the last twelve months. Imported oil will dip to 28% of domestic demand the lowest since 1985 and down from a peak of 60% in 2005. (Bloomberg)