Business News

Hydro Flask Cashes In

The discount retailer Dollar Tree missed estimates with a quarterly profit of $1.01 per share. Same-store sales increased 1.7% during the quarter. (AP

Home buyers signed 2.5% fewer contracts in January to buy existing homes compared to the month before and is now only 1.4% higher year-over- year. Pending sales have been higher annually for 17 straight months. (National Association of Realtors)

Subway settled a legal case paying $500 to 10 people who claimed their sandwich was not exactly 12 inches long. Subway also paid $520,000 in attorney fees. (OregonLive)

Acquisition rumors are swirling around Portland-based Lattice Semiconductor.  Reuters reports an unnamed Chinese company is interested in the company. Reuters says, Lattice is working with banker Morgan Stanley.
     
The American Dream comes true again in Bend. Hydro Flask has sold itself for $210 million in cash to El Paso, Texas-based Helen of Troy Limited. Hydro Flask has more than quadrupled in size since the beginning of calendar year 2014 and grew over 50% in calendar year 2015. (Portland Business Journal)

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