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Business News


Markets took a big plunge yesterday as finger pointing caused confusion on whom and why someone shot down a passenger airliner over the Ukraine. Investors ran for cover as the fear trade was on.

General Electric saw profits rise 13% as the sale of jet engines and oil equipment were on the upswing.  Sales were up 3.5%. The company says they will move forward with the spin-off of their retail finance division, that almost brought them down, during the financial crisis of 2008. (Reuters)

Natural gas supplies grew by more than 100 billion cubic feet for the eighth week in a row.  That is the longest triple digit increase in 20 years. Stock piles have more than doubled since hitting an 11 year low in March after the rough winter.  Natural gas production is up 4.1% in 2014. (Bloomberg)

Paper or plastic?  Approximately 78% of Americans, regardless of income, have less than $50 in their wallet and 50% carry $20 or less. Americans are getting comfortable with using their credit cards for even small purchases. The US currently spends $827 million printing money each year. (Bankrate.com)

 

Traffic & Weather

 

 

 

  • Lane closures and detours Mt. WA Dr at Shevlin Park Road North to Regency (7/11-11/30)

 

  • Road closures along Roosevelt Ave >< Silver Lake Blvd -Chamberlain St. 7a-5p (9/6-11/20)

 

  • 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 – November.
 
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