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Business News


One hundred fifty years ago today President Abraham Lincoln delivered the Gettysburg Address for those who fought for liberty, freedom and free enterprise. Today we celebrate free enterprise as markets touched emotional highs yesterday of 16,000 on the Dow and 1800 on the S&P 500.

 

Home Depot profits surged 47% in the 3rd quarter as sales climbed 7.4%.  The company says they are seeing homeowners start to implement long-delayed home improvement projects as the economy improves. (Reuters)

 

Best Buy says their margins are being compressed by the aggressive and competitive holiday shopping season. The company announced a $54 million profit last quarter compared to a $10 million loss a year ago.  (Reuters)

 

Wal-Mart is kicking it up a notch.  The world’s largest retailer will kick off its Black Friday deals a week early.  In addition Wal-Mart enhanced its price matching program to cover specials from competitors a week before Thanksgiving. (Fox Business News)

 

Women are getting more jobs than men.  A record 67.5 million women are in the workforce, more than at the last peak in 2008 when we fell into recession.  But only 69 million men are employed as compared to the 70.9 million at its peak in 2008.  The current unemployment rate for women is 6.9% and 7.6% for men. (Department of Labor)

 

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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