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Business News


The S&P 500 closed at a record high and above 1900 for the first time on Friday. Pfizer has officially walked away from their offer to buy AstraZeneca.  The offer was for $118 billion in cash and would have been the largest drug deal in over a decade.  (Reuters)

April Durable Goods, those items lasting more than five years, was up 0.8% mostly on the back of autos and airplanes. Factor out transportation and durable goods were up 0.1%.  This months number was much better than expected and March was revised upwards. (CNBC)

Pilgrim’s Pride is offering to buy Hillshire Brands for $6.4 billion in cash. The offer comes just two weeks after Hillshire made an offer for Pinnacle Foods.  The offer is a 25% premium to Hillshire’s Friday closing price. (Wall Street Journal)

Here is a blast from the past.  Cabbage Patch Kids are getting a makeover  for the new century in 2014.  Jakks Pacific makers of the doll are partnering with Skechers sneakers to brighten up the refreshing. The new dolls will have flashing Sketcher shoes and may be sold in Sketcher Stores.  Jakks is looking for ways to sell the doll as the number of toy stores continues to decline. (Bloomberg)

 

Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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