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Business News

Will interest rates go up? Yes, one day they will


Markets took a nose dive yesterday when minutes from the Federal Reserve meeting showed they were thinking interest rates may go up mid-year 2015.  Why this was a surprise to investors is one of those cosmic mysteries. (Market Watch)

 

Factory production in China fell to 7-month lows in January.  This data point renews trader fears that the world’s second largest economy could be struggling. (Reuters)

 

Same stores sales at the world’s largest retailer, Wal-Mart, fell 0.4% in Q4 and profits slumped. Overall revenue was up 1.4%.  Of most concern was a lower than expected management forecast for the rest of the year. (Reuters)

 

Bankrupt Redmond outdoor gear maker Altrec looks like it will be scooped up by Minnesota based Active Boarder Corp in bankruptcy court. The proposed price was not listed in court documents.  Today has been set as the date Altrec will be auctioned to the highest bidder.  (Oregon Live)

 

Portland based Columbia Sportswear saw sales increase 6% last quarter as cold weather grips the nation.  The $533 million in sales was a record. Profits however slipped 7%.  The company raised their dividend by 12% to 28 cents a share. (Market Wire)


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