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Yesterday the Oregon Senate rejected three more bills that would create jobs and reduce burdens on small businesses across Oregon. The Legislature has now rejected 22 job creation bills this session.  Rejected legislation would have incentivized job creation and reduce barriers to creating family-wage jobs. (NFIB)

You can almost hear the dirge playing. Sears reported a smaller first-quarter loss as it cut advertising, but sales continued to tumble, underscoring the need for a big cash injection. The company plans to spin off 235 Sears and Kmart stores into a real estate investment trust. The retailer, which has lost $7 billion over the past four years, expects to receive about $2.6 billion in proceeds from the sale early in July. (Reuters)

A Taco Bell in Chicago will serve customers beer, wine, and mixed drinks. The restaurant is part of Taco Bell’s rebranding effort, introducing upscale locations, which feature more open kitchens and fancy serving baskets. Boozy drinks will be served only to customers eating inside, and they will come in special cups to distinguish them from regular drinks. (Money)

Asian stocks fell on China inflation concerns, as their consumer price index rose 1.2% last month from the year-earlier, below expectations and down from April. Meanwhile, producer prices remained weak, with a bigger-than-expected fall of 4.6%. (CNBC)

 

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