Toys R Us closed its doors in the U.S. on Friday. The defunct company still must sell its intellectual property. (CNBC)
Nestle is being urged by investor Daniel Loeb’s Third Point hedge fund to split into three divisions. They want Nestle to split into separate beverage, nutrition, and grocery units. (CNBC)
Kroger the parent company of the Fred Meyer is about to test a fleet of driverless cars designed to lower delivery costs. Customers will be able to order groceries from a mobile app. After the order is placed, a driverless vehicle will deliver the groceries at a curb, requiring the customers to unload. The vehicles will be opened with a numeric code. (Oregon Live)
Oregon workers earning the minimum wage got a raise yesterday. The minimum wage in the Portland climbed 75 cents, to $12 an hour. In Deschutes and Lane County minimum wage climbed to $10.75 and hour. In the rest of eastern Oregon minimum wage rose to $10.50 an hour. Sunday's increase is the second in a series of annual hikes approved in 2016. Oregon has one of the highest minimum hourly wages in the nation. (Oregon Live)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.