Business News

Nike employs a record 70,700, up from 62,600 last year. That includes 10,700 at its headquarters in Beaverton.  Intel remains Oregon's largest private employer with 19,500 employees. (PBJ)
Verizon will acquire Yahoo for $4.8 billion in cash. The purchase could boost Verizon's AOL internet business, which the company acquired last year for $4.4 billion. Together, AOL and Yahoo would have about 5% of the digital ad market. This marks the end of Yahoo as an operating company, leaving it with only a 36% stake in Yahoo Japan and a 15% interest in Chinese e-commerce company Alibaba. (Reuters)
Kimberly-Clark reported second-quarter profits of $566 million, after a loss of $305 million a year ago.  Sales hit $4.6 billion during the quarter, compared with $4.6 billion a year ago. Shares of Kimberly-Clark are up 5.8% in the year to date. (Market Watch)
The Financial Times says Apple will sell its one billionth iPhone this week. The first iPhone was sold in 2007.
S&P 500 is flat and the NASDAQ is flat.  MSCI International Index is up 0.20%.
Oil is down 50 cents at $43.75 a barrel.
Gold is down $7 at $1316 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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