Umpqua Bank posted fourth quarter earnings that were in line with expectations. For the entire year profits were up 1% and for Q4 were down 5%. Loan growth was up 10%, but mortgages were down 47% as refinancing slows. (Business Wire)
McDonald’s posted fourth quarter profits 1.5% higher than last year. Sales were up 2%. The company saw same store sales declines in December almost across the board. Company leadership acknowledged 2013 was a challenging year. (Reuters)
The Portland Airport served a record 15 million travelers in 2013, breaking the last high water mark set in 2007. December was also a record month up 10% from 2012. (OregonLive)
For investors when the heard starts running all in the same direction it is usually time to start worrying. While not frothy a survey of Bloomberg subscribers last week said 59% say the economic outlook is improving. That is up from 33% in November. (Bloomberg)
In a positive economic sign US job openings and the number of people quitting their jobs reached five year highs in November. Job openings were up 1.8% and those quitting was up 1.9%. Job opening levels reached 4 million for the first time since March of 2008. (Associated Press)