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George Noorey
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George Noorey
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Business News


Unofficially summer is over and kids head back to school. August was the second best monthly performance of 2014 for stocks and Wall Street bulls are hoping for more of the same as September gets underway. The S&P 500 was up over 4% in August and is up almost 8.5% for the year. (CNBC)

The US Dollar reached its highest level in almost a year against the euro as signs of U.S. economic growth and tensions in the Ukraine boosted demand for the currency. This move makes imported goods cheaper for consumers, but makes our exports more expensive and makes life difficult for our manufactures. (Bloomberg)

Oregon outdoor wear maker Columbia Sportswear and the Dallas Cowboys have entered an apparel licensing partnership starting in late spring 2015 through early 2018.  This is the first time Columbia has partnered with an NFL team. They do have relationships with 33 colleges, including Oregon and Oregon State.  (Oregon Live)

A growing number of homeowners are reaching retirement still owing money on their houses. The share of Americans 65 and older with mortgage debt rose to 30% in 2011 from 22% in 2001. Loan balances have also increased, with the median amount owed climbing to $79,000 from $43,400 over the decade. (Bloomberg)

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Traffic & Weather

 

 

 

 

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

 

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.

 
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