Business News

J.M. Smucker posted quarterly profits of $191 million. They posted a loss at the same time last year. The maker of jams, peanut butter, syrups and more had sales of $1.8 billion. For their just completed fiscal year, the company reported a profit of $689 million. Smucker shares are up 8% in 2016 and up 20% in the last 12 months. (AP)
Ski season just end for us here in Oregon and ski resorts are tallying up their business. Publically traded Vail Resorts quarterly sales climbed 12% to $648 million. Profits jumped 18% to $158 million. Lift revenue climbed 17%, ski school sales were up 12%, and dining climbed 16%. Early season pass sales for the 2016-17 season are up by almost 30%. Vail stock is trading near its all-time high. (The Motley Fool)
It used to be a staple of the County Fair experience but now you can get them year round in the freezer aisle of Walmart. Packaged deep-fried Twinkies, co-developed by Walmart and Hostess, will be exclusively available at Walmart for the first year of their existence. The deep-fried Twinkies were designed to require heating prior to consumption. (AP)
Join us this weekend for Financial Focus Radio – the truth in wealth building – when we will school you on how to be a millionaire.
S&P 500 is down 13 and the NASDAQ is down 31.  MSCI International Index is down 1.87%.
Oil is down 75 cents at $49.84 a barrel.
Gold is down $2 at $1271 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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