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Mark Levin
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Mark Levin
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Business News


We took a big bounce up yesterday, more than making back the losses of the day before.  The S&P 500 stands at a record closing high of 1873.91 as we start trading today. (CNBC)

The ADP jobs report says the private sector added 139,000 new positions during February. The number was a little lighter than expected. (Market Wire)

Oregon software designer Mentor Graphics saw sales climb 16% in the fourth quarter and 6.2% for the entire 2013.  Profits jumped almost 5% for the quarter and 10% for the year.  The increasing complexity of computer chips is pushing the demand for its design software. (Business Wire)

Oregon’s 28 banks saw cumulative profits of $204 million in 2013.  Oregon banks hold almost $16 billion in assets and employ about 4550 persons. (Federal Deposit Insurance Corp)

Global computer chip sale totaled a record $26.3 billion in January an almost 9% annual increase.  The numbers clearly shows the shift from PC’s to mobile devices.  Oregon’s largest employer Intel is stuck in that rut as they are projecting a third year of flat sales even as chip production increases at other companies. (Oregon Live)

Today that wonderful breakfast sensation and college breakfast treat, the Pop-Tart turns 50 years old.  The Pop-Tart comes in 29 delicious flavors. (The Daily Meal)

 

Traffic & Weather

 

 

 

 

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.

 
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