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Business News

Oregon Leads in Gas Prices


U.S. stocks edged higher on Tuesday to lift the S&P d500 just a hair above the 2,000 mark, its first close above that milestone. Volume this week is very light as lots of people are still on vacation. (Reuters)

US consumer confidence increased for a fourth straight month in August. The consumer confidence index rose to 92.4 from 90.3 in July, compared with 81.8 a year ago. It was the best level for the index since February 2008.  Improving business conditions and robust job growth helped boost consumers' spirit (AFP Services)

That may have been a bubble. Gun maker Smith & Wesson is plunging in trading by 12% after reporting a 19% decline in sales and profits plunged 39% in the second quarter.  The current market environment reflects high inventories resulting from restocking that occurred following a two year surge in consumer buying. (PR Newswire)

The Schiller Park, Ill., bakery, where Twinkies were invented in 1930, will close. The facility was reopened in July 2013 after the company's bankruptcy and acquisition by private equity firms. Originally, Hostess had 11 plants with a union workforce, that number is now three. This closing will affect about 400 employees. (CNBC)


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