George Noorey


George Noorey

10:00pm - 12:00am

Business News

U.S. industrial production edged up 0.1% in September.  The industrial sector continues to be hobbled by the strong dollar and low oil prices.  Manufacturing output rose 0.2%.   Mining production increased 0.4% on gains in oil and gas well drilling. Mining output rose at a 3.7% pace in the third quarter following six consecutive quarterly declines. Industrial capacity use edged up 0.1% to 75.4%. (Reuters)

Mentor Graphics, based in Wilsonville, Oregon, makes software for designing semiconductors.  They have hired Bank of America to explore strategic alternatives, including a potential sale. Mentor has been under pressure by activist investors lately and  
fended off a hostile takeover by rival Cadence Design Systems in 2008. (Reuters)

Johnson & Johnson the world's largest maker of healthcare products, saw strong numbers fueled by prescription drug sales jumping 9.2% to $8.40 billion.
The maker of products ranging from Tylenol to Band-Aid bandages to Acuvue contact lenses raised its profit estimate for 2016. J&J agreed last month to buy Abbott Laboratories' medical optics business for $4.3 billion. J&J's shares have gained about 15% in 2016. (Reuters)

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

Hide Comments




  • 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)