Consumer debt is growing. According to figures released by the Federal Reserve Bank of New York, household debt balances rose nearly 1.5% in the second quarter to nearly $13.9 trillion.
Food delivery has plenty of room to grow as it accounts for only 3% of all American restaurant orders. Pizza Hut plans to close 500 restaurants in the United States to "accelerate the transition" to locations better suited for delivery and takeout, outgoing CEO Greg Creed. (CNN)
Oregon legend Alpenrose Dairy plans to sell to Smith Brothers Farms of Kent, after a century of operation. The deal could close in 30 days. Smith Brothers would continue to operate the dairy in Portland,but 150 Alpenrose workers must reapply to keep their positions. (Oregonian)
Anheuser-Busch InBev has declined an option to buy Portland-based Craft Brew Alliance. AB InBev must pay $20 million to CBA. AB InBev, the largest brewery in the U.S. and owns more than 31% of the Portland company. (PBJ)