Rush Limbaugh


Rush Limbaugh

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Business News

According to a report by the U.S. Bureau of Transportation Statistics their transportation index has taken a negative turn starting in late 2015 and into the summer of 2016.  The freight transportation services index combines monthly truck tonnage, air revenue from freight and mail, weekly rail carloads, rail ton-miles, tons moved by water and pipeline transportation into a single economic indicator.

Wells Fargo employees opened roughly 1.5 million bank accounts and applied for 565,000 credit cards not authorized by customers. For these illegal banking practices Wells Fargo will be fined $185 million. Wells Fargo is famous for its culture of cross-selling products to customers — routinely asking a checking account holder if they would like to take out a credit card. Wells said employees were terminated, including managers but would not say whether any senior executives had been fired in the scandal. The only question left is why aren’t we talking about criminal charges? (NYT)

Kroger the biggest U.S. supermarket company and owners of Fred Myer, reported an 11.5% decline in quarterly profits, due to restructuring pension obligations. Profits fell to $383 million.  Sales climbed 4%. (Reuters)
Join us this weekend for Financial Focus Radio when we will talk about protecting yourself from financial fraud.

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

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  • Hwy 20, Santiam Pass, 1-mile East of Suttle Lake to ORE 22 junction, up to 20 min DELAYS, Paving and Striping. 9am-5pm through 10/17
  • NE 3rd Street between NE Greenwood Avenue and NE Franklin Avenue for Citywide Pedestrian Safety Improvements, periodic lane closures with local access, 9/16/19 - 10/25/19, night work from 10 p.m. - 10 a.m.
  • 61st St CLOSED between Young Ave & Canal Blvd as part of the “Six Corners” Improvement (through 11/8)
  • SE 3rd between Hwy 97 and Murphy Road CLOSED 8pm – 5am (8/25-10/18)