U.S. economic activity rose in October, suggesting an improving pace of economic expansion according to the Leading Economic Index. Despite lackluster third quarter growth, the economic outlook now appears to be improving. (Fox Business News)
Soon to be Oregon’s only Fortune 500 Company, Nike will buy back $12 billion in stock, raise its dividend by14% to 32 cents and split stock 2-for-1. The stock split will occur after the market close Dec. 23 to shareholders of record on Dec. 9. (Investor Business Daily)
Oregon’s largest employer, Intel will boost its quarterly dividend next year by 2 cents, to 26 cents. The PC chip giant also expects 2016 revenue to rise in the mid-single digits. (Investor Business Daily)
Ross Stores beat on the top and bottom lines, with comparable store sales rising 3%. The discount retailer sees Q4 profit slightly below estimates, because of a highly promotional holiday season.
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