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

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

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.

 

R.A.B. 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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