Business News

Retail Sales Grow in August

After consumer sentiment fell, investors were waiting to see whether Americans reined in spending in August. Retail sales rose by 0.2% in August, slower than the 0.6% gain in July. (Bloomberg)

No strikes in Detroit yet. Negotiators for Fiat Chrysler and the United Auto Workers union worked through the night on a new contract. Meanwhile, contracts with General Motors and Ford were extended while the union focuses talks with Fiat Chrysler. (CNBC)

The head marketing executive for Virgin America is the newest director of Umpqua Bank. Luanne Calvert will join its board on Sept. 25th. She previously worked as creative director at Google. She will become Umpqua's 13th board member. Directors earned between $68,000 and $140,000 last year. Umpqua is  Oregon's biggest bank. (Portland Business Journal)

Umatilla County fruit growers are still hurting where not a single cherry was harvested commercially in after the November 2014 freeze. Growers around Milton-Freewater, northeast of Pendleton, won't have a cherry crop until 2017 after a November freeze , killed buds and trees. Even some apple trees were killed all the way down to the roots. The area grows about 650 acres of cherries and fetch a premium price. (AP)

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