Business News

Commodities continue upswing

Dick's Sporting Goods reported fourth-quarter results that missed expectations. Fourth-quarter profits were a $1.13 per share on sales of $2.24 billion. Same store sales were down 2.5%. Shares of Dick's Sporting Goods are off more than 6% on the report. (CNBC)

Lattice Semiconductor chief financial officer Joe Bedewi is leaving the company in May after five years in the position. Lattice appointed vice president of finance Max Downing to fill the job on an interim basis. (OregonLive)

The Securities and Exchange Commission has charged Wells Fargo with fraud in connection to a bond offering that supported ex-Red Sox pitcher Curt Schilling's now-defunct video game company. The bond offering raised $50 million for Schilling's company. (CNBC)

Small business confidence declined in February over concerns about sales growth and profits hurt capital spending and hiring plans. The National Federation of Independent Business said its small business optimism index dropped to 92.9.  The sustained weakness in the index is at odds with economic data such as employment, consumer spending and manufacturing that have suggested a pick-up in economic activity. (CNBC)

Oil is up 35 cents at $38.25 a barrel.

Gold is up $11 at $1275 a Troy ounce.

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