Business News

Hillsboro based Phoseon Technology, maker of semiconductor light for industrial applications, will expand its factory by more than 50%. Their work force has grown from 125 to 175 over the past two years. (OregonLive)

Market breadth appears to be in favor of the bulls. There are signs that the 2018 bottom for U.S. equities has may have taken place. We like to look at advance/decline (A/D) lines to gauge overall market strength, as this shows how many stocks are going up versus down. In healthy markets, we want to see higher trending A/D lines as a sign of underlying market strength. This week we are seeing that. (LPL)

The Mortgage Bankers Association says applications to refinance a home loan are nearly 10% lower than a year ago. Mortgage applications to purchase a home are 10% higher than a year ago.

Procter & Gamble, whose brands include Pampers diapers and Gillette razors, is buying the consumer health business of Germany's Merck for $4.2 billion. (Reuters)

Nike's vice president of footwear, Greg Thompson, has left the company, the latest in a series of executive departures at the sportswear maker. (Reuters)

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

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