Business News

Intel Reports Earnings

Intel, Oregon’s largest employer reported solid earnings of 59 cents per share on revenue of $13.5 billion. Client computing segment revenue fell 3% while the data center group revenue was up 5%. Intel is moving away from the PC market and to data centers and the Internet of Things as profit-growth drivers. (The Street)
As the Affordable Care Act – Obama Care – weighs on consumers, Oracle is accusing Oregon Attorney General of misconduct in the Cover Oregon debacle.
Oracle says Attorney General Ellen Rosenblum has undertaken what it describes as “inexcusable” conduct. In particular, Oracle says the Department of Justice has concealed evidence. (PBJ)
Anheuser-Busch InBev and SABMiller got conditional approval from U.S. regulators for their $107 billion merger, leaving China as the only country that still needs to give its approval. AB InBev expects the deal to close before the end of the year. (NY Times)
Komatsu is buying U.S. mining-equipment maker Joy Global for $2.89 billion. The Japanese construction machinery maker is paying $28.30 per share an 18% premium over the company's closing price on Wednesday. (Market Watch)
S&P 500 is down 2 and the NASDAQ is up 2.  MSCI International Index is down 0.31%.
Oil is down $0.25 to $45.50 a barrel.
Gold is up $3 at $1322 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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