Business News

Open Jobs in October was the Second-Highest on Record

Google is adding 8,000 sf to the 18,000 sf they already occupy in downtown Portland. The tech giant opened the location in 2010. Google now employs 60 people at the location. (OregonLive)

Summit Bank, with headquarters in Eugene and an office in Bend, reported profits of $955,000 in Q3. That is a 13.7% increase year over year. Total assets were up 24.5%. Net loans totaled $268.3 million up $57.9 million in the first three quarters. Deposits increased by $60.3 million in the same period. “This quarter marked our 13th consecutive quarter of year-over-year loan growth exceeding 15%,” said Craig Wanichek, Summit Bank president and CEO. (AP)

US small companies with open jobs in October was the second-highest on record and more businesses owners plan to raise worker wages. Thirty-five percent of small-business owners said they had jobs to fill and 21% said they plan to raise pay in coming months, the largest share since December 2015. (National Federation of Independent Businesses)

Ad Age reports online sales are up 21% vs. flat for brick-and-mortar stores. However, the segment remains small accounting for only 5% of household-product sales.

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

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