Business News

Natural Gas Supplies Fall

The cold winter weather has had its impact on natural gas supplies.  Natural gas storage is at 10-year lows after high demand in the mid-west and east. (CNBC)

Coca-Cola saw profits drop 8.3% in the latest quarter as the company spun off bottling operations in Brazil and the Philippines.  Sales were down 3.6%. (MarketWatch)

Oregon’s Lithia Motors continues to expand their operations.  Recently the company acquired a Honda dealership in Maui and a Volkswagen dealership in Stockton.  Lithia is now the 9th largest auto retailer in the US with 28 brands in 12 states. (Market Wired)

Clackamas Oregon based Oregon Iron Works will be building the next generation watercraft for the military’s Special Operations Command.  The actual size of the contract was not disclosed, but the company said it would mean the addition of a “significant number” of new jobs. (Oregon Live)

There were 3,699 permitted breweries in the US in 2013 according to the Beer Institute, 948 of those were started last year alone. One third of all breweries are located in four states – California, Washington, Colorado and Oregon. Many of the breweries are small and centered around an existing pub.

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