Business News

Good Jobs Numbers Continue

Employers listed 5.9 million job openings in July. That compares to 5.62 million job openings in June. The hiring rate was steady at 3.6% or 5.2 million in July. The separation rate was 4.9 million a rate of 3.4%. (JOLTS)

Oregon’s largest employer, Intel, is spinning off its cybersecurity unit, formerly known as McAfee, and selling a majority stake to private equity firm TPG for $3.1 billion in cash. Intel had bought McAfee in 2011 for $7.7 billion. (Reuters)

Barnes & Noble reported disappointing quarterly sales and earnings. Total sales were $913.9 million, declining 6.6% as compared to the prior year. Same store sales declined 6.0% for the quarter. NOOK sales, which include digital content, devices and accessories, declined 24.5%. That resulted in a first quarter loss of $14.4 million. (Business Wire)

Pier 1 Imports CEO is leaving the company after nearly a decade as the retailer issued a same-store sales drop of 4.3% for the second quarter, and said it expects to report next week a larger than expected loss. (CNBC)

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

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