Business News


Portland based Blount International posted Q3 sales of $209 million, down 15% compared to prior year. Profits declined 22% to $30 million.  The company continues to experience significant headwinds driven by the strength of the U.S. Dollar. Blount International, is a global manufacturer and marketer of replacement parts, equipment, and accessories for the forestry
and agriculture; selling its products in more than 115 countries around the world. (Globe Newswire)
 
U.S. small business confidence was unchanged in October; with hiring stagnant even as more owners expected higher sales and more planned to make capital outlays according to The National Federation of Independent Business Small Business Optimism Index. The report shows muted inflation pressures with only 2% of owners raising their prices. (Reuters)
 
Men's Warehouse shares have tanked more than 40% since the company pre-announced dismal third-quarter results from its Jos. A. Bank brand on Friday. The company said that comparable sales at its Jos A. Bank label fell 14.6%. The company says same-store sales are expected to decline 20% to 25% more in the fourth quarter. (CNBC)
 
Chipotle may be able to reopen restaurants in Washington state and Oregon tomorrow , after tests found food samples to be free of the E. coli bacteria. (Reuters)

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