On Air Now

George Noorey
George Noorey
9:00pm - 12:00am

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
Business News

Federal Reserve Chairman Janet Yellen will answer economic questions in front of the US Senate today.  Let’s hope they listen more than talk.

Terms of the big tobacco merger between Reynolds American (makers of Camels) and Lorillard (makers of Newports) are now known.  Reynolds will pay $27.4 billion in cash and stock for Lorillard equaling $68.88 a share.  In order to make the deal palatable to regulators, as we go from three to two major US tobacco companies, Reynolds will sell its Kool, Salem, Winston and blu eCigs brands to the British Imperial Tobacco Group. (CNBC)

JPMorgan Chase saw profits fall 8% to $5.99 billion as their bond trading desks saw less business and they do less securities trading.  The bank says it continues to see an improving business climate that will help it improve results in coming quarters. (Reuters)

Goldman Sachs saw profits climb 5% to$1.95 billion as sales also increased 6%. Their trading desk income increased 20% over last year.  Compensation was the banks largest cost during the last year at $3.9 billion up 6% from last year.   (Wall Street Journal)

Drug and consumer product company Johnson & Johnson made a second quarter profit of $4.33 billion up over 13% from last year.  Helping boost their bottom-line was strong sales of their new hepatitis C drug. (Reuters)


Traffic & Weather

  • Chains or Traction Tires required on the mountain passes and Highway 97 South of Bend.
  • Traffic signals at US 97 and Pinebrook Blvd. turned off permanently.
  • Lane closure on Boyd Acres Road at Ross Road; 7am - 4:30pm through December 10
LinkedUpRadio Envisionwise Web Services