Business News

Oregon company boosts Buffet's Profits

Warren Buffets Berkshire Hathaway reported a 25% jump in quarterly profits driven by the company's acquisitions, including former Oregon company airplane parts-maker Precision Castparts. Berkshire continues to see weaknesses in its Burlington Northern railroad business. The company posted profits of $5 billion. Second-quarter revenue of $54.5 billion grew at 6% year-over-year. (Investopedia)
The Index of Small Business Optimism rose one-tenth of a point in July to 94.6. At 94.6, the Index remains well below the 42-year average of 98. Four of the 10 Index components posted a gain, four declined, and two were unchanged. The outlook for business conditions in the next six months continued to improve, gaining 16 percentage points since January. Owners are reporting that they cannot find qualified workers and cite it as their third “Single Most Important Business Problem”. (NFIB)
Subway is changing its logo as the sandwich giant has struggled in the last couple years. It is first the time the company has changed the logo in more than a decade and it's the sixth time the company has changed the logo in its 50-year history. (CNN)
S&P 500 is up 3 and the NASDAQ is up 7.  MSCI International Index is up 0.33%.
Oil is up 16 cents at $43.18 a barrel.
Gold is down $3 at $1338 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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