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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

 
  • Night Work 8th and Greenwod in Bend. 8 p.m. - 6 a.m.
  • S.E. 15th Street CLOSED between Knott Road and Ferguson Road for utility work.
  • Reed Market Road Eastbound only between 3rd and 9th streets.
  • U.S. 26, 7 miles West of ORE35 up to Government Camp, construction. Lane closures and delays
 
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