Lars Larson


Lars Larson

12:00pm - 3:00pm

Business News

August retail sales increased 0.6%.  This is a bounce back from a weak performance in July. August import and export prices were down 0.9%, showing no inflationary pressure. (Associated Press)

Darden Restaurants reported a quarterly loss of $19.3 million as same-restaurant sales fell 1.3% at its Olive Garden chain, which contributes about two-thirds to profits. The company has been reinventing itself over the last year as activist investors push for more profitability. (Reuters)

The over 124 million single Americans make up more than half of the adult population for the first time since figures were compiled. In 1976, it was 37.4% and has been trending upward since. Over 50% of those single are 16 years or older. (Bloomberg)

The good news is that Americans are saving more for college, but the average amount wouldn't come close to paying the bill.  The average college savings is now worth about $20,671. The average cost for a four-year public school, including room and board, is about $18,391 a year. (Associated Press)

Millennials are shying away from credit cards with than six in 10 people ages 18 to 29 not having even one in their wallets.  But their determination to say no to credit cards can shoot them in the foot because they're missing out on the chance to build their credit scores. (USA Today)

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  • Hwy 20, Santiam Pass, 1-mile East of Suttle Lake to ORE 22 junction, up to 20 min DELAYS, Paving and Striping. 9am-5pm through 10/17
  • NE 3rd Street between NE Greenwood Avenue and NE Franklin Avenue for Citywide Pedestrian Safety Improvements, periodic lane closures with local access, 9/16/19 - 10/25/19, night work from 10 p.m. - 10 a.m.
  • 61st St CLOSED between Young Ave & Canal Blvd as part of the “Six Corners” Improvement (through 11/8)
  • SE 3rd between Hwy 97 and Murphy Road CLOSED 8pm – 5am (8/25-10/18)