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Regional
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Weather
Bend, OR
Cloudy 28°F
  • 100% humidity
  • Winds at 0 mph
Full Forecast

  • Signal light at Butler Market Road and Brinson Blvd. will be shutdown weekdays from 11am-2pm.  Flaggers will control traffic during that time.
Business
  • Oil Continues to Slip

    Markets went diving down yesterday as the Federal Reserve says it will remain "patient" on raising interest rates and indicated it sees the U.S. economy getting stronger. The Fed also sees inflation declining, and it may decline further. But it expects inflation to increase over the medium term as the labor market improves and the temporary effects of low energy prices fade. (CNBC)

    In what could be another death shudder, Sears laid off 115 corporate workers, including 100 employees at its headquarters effective immediately. Sears hasn't had a profitable quarter since fourth quarter of 2012. (CNBC)

    Qualcomm stock fell more than 7% in after-hours trading when the company lowered its chip guidance. The technology firm said it lowered the outlook on its semiconductor in part because of lower demand by manufactures. Qualcomm's Snapdragon processor has a major buyer in Samsung, and the lowered outlook may reflect Apple's share gains in the smartphone market. (AP)

    The S&P 500 is down 2 and the NASDAQ is down 20.  The MSCI International Index is up 0.24% in early trading.

    Oil is up 4 cents at $4 a barrel. The U.S. Energy Information Administration reported U.S. crude stocks rose by 8.9 million barrels last week to 407 million barrels, the highest level since records began in 1982. Gasoline stocks fell by 2.6 million barrels while distillate stocks, which include diesel and heating oil, fell by 3.9 million barrels. Refined product demand continues to be the sole source of strength for the petroleum market.  (Reuters)

     
     

Sports

29 Jan Thu

30-Jan Fri   Ducks at Arizona State  4:30 PM

31-Jan Sat  Blazers at Milwaukee     5:30 PM

  • Aldridge Named To NBA All-Star Team

    (New York, NY)  --  Portland Trail Blazers forward LaMarcus Aldridge will play in the NBA All-Star game for the fourth straight season.  Western Conference coaches have chosen Aldridge as a reserve for the game, which will be played on February 15th at Madison Square Garden in New York.  The Blazers' Damian Lillard, who played in last year's All-Star game, wasn't chosen to go there this year.

  • Seahawks Making Final Preparation For Super Bowl

    (Phoenix, AZ)  --  "Deflategate" notwithstanding, the main focus this weekend is on Super Bowl 49.  The defending world champion Seattle Seahawks are hoping to capture their second straight title, while the New England Patriots are looking to earn their fourth Super Bowl victory.  The game is still rated a virtual tossup.  Kickoff Sunday from Glendale, Arizona is set for 3:30 p.m.

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