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John B. Wells
John B. Wells
10:00pm - 12:00am

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Business News

At 11am we get the Federal Reserve meeting minutes from their January get together.  This could move markets. (CNBC)
New housing starts for last month fell 16%.  Can you say weather?  (Bloomberg)

Inflation at the manufacturing level, also known as PPI, was up 0.2%, last month.  A little hotter than expected.   (Fox Business News)

Mortgage applications, both refinancing and new purchase, fell 4.1% last week.  Loans for an original home purchase fell 6.3% to its lowest level since September 2011. (Mortgage Bankers Association)

Renewable energy mandates come at a cost. Portland General Electric is asking for a 4.6% rate increase to cover the cost of its new $500 million wind farm.  This comes on top of the 7% rate increase that kicked in the first of the year (Associated Press)

Nike is raising its dividend by 14% to 24 cents a share.  The company has plenty of cash to cover the increase with $5.1 billion in the bank.  The new dividend will mean a $214 million payout to shareholders. (Market Wired)


Traffic & Weather

  • Chains or Traction Tires required on the mountain passes and Highway 97 South of Bend.
  • Traffic signals at US 97 and Pinebrook Blvd. turned off permanently.
  • Lane closure on Boyd Acres Road at Ross Road; 7am - 4:30pm through December 10
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