Business News

Firearm Sales Surge

The past two months have seen a dramatic surge in U.S. firearms sales, particularly in rifles. Gun background checks soared about 28% in July, to just over 1.21 million. Smith & Wesson is scheduled to report results today after the closing bell. (CNBC)


Shareholders of Hillsboro-based FEI approved the company’s acquisition by Massachusetts-based Thermo Fisher Scientific. With shareholder approval, the company says the deal will close by the end of this year. FEI will retain its headquarters and its manufacturing and R&D operations in Hillsboro. The company employs 3,000 globally. FEI’s revenue last year was $930 million. (PBJ)


Costco reported net sales of $8.9 billion for the month of August an increase of 2%. For the last year the Company reported net sales of $116.1 billion, an increase of 2%. Costco operates 715 warehouses including 501 in the United States and Puerto Rico, 91 in Canada, 36 in Mexico, 28 in the United Kingdom, 25 in Japan, 12 in Korea, 12 in Taiwan, eight in Australia and two in Spain. The Company plans to open up to an additional 10 new warehouses before the end of 2016. (Marketwired)

S&P 500 is up 3 and the NASDAQ is up 12.  MSCI International Index is flat.


Oil is down 25 cents at $44.44 a barrel.


Gold is down $3 at $1309 a Troy ounce.


With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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