Business News

Stocks are beginning November in the green, after the Dow, S&P 500 and Nasdaq in October saw their biggest monthly losses since January 2016. (CNBC)

Oregon’s largest landline phone provider, CenturyLink will pay $24 billion to buy telecommunications company Level 3, in an effort to expand its services for businesses.  Level 3 provides data, video and other communication services to businesses and government agencies. (Associated Press)

Portland based Columbia Sportswear says third quarter sales dropped 3% hit by the bankruptcies of multiple key retailers. Quarterly sales were $746 million. Profits were down over 8% to $83.6 million.
Given the troubles among retailers, Columbia is emphasizing direct sales, through e-commerce and company stores. Direct-to-consumer sales account for 38% of their global revenue. By the end of the year Columbia expects direct-to-consumer sales to account for nearly 50% of its U.S. sales. (Oregon Live)

Sony saw an almost 86% decline in quarterly profits.  The bottom line was impacted by a stronger yen, costs from the sale of its battery business, and softness in key areas like games and semiconductors. (CNBC)

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

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