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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

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road closed between Butler Market Road and Bennington Lane. (8/18)

 

Round-About Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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