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Business News


US retail sales rose 0.3% in February.  That is better than expected and stops a two month slide. (Bloomberg)

 

Inflation on imported goods was up 0.9%. That is about twice as much as expected and does show a little bit of possible inflation pressure.  (Associated Press)

 

New unemployment claims were down 5000 to 315,000 a good number. (Department of Labor)

 

US consumer inflation has risen at an average annual rate of 1.62% over the last five years.  But how you feel it all depends on what you buy.  During the same time period cigarettes and long distance phone calls were up 10% annually, peanut butter was up over 7% and bacon was up 6%.  Falling prices included TV’s down over 13% and computers down 8%.(Wall Street Journal)

 

As Oregon’s largest employer, Intel, struggles with flat sales in a growing market they are cutting jobs.  The company says they will shed 400 more jobs in April on their way to shedding 5% of their workforce.  How many of the 400 jobs being cut will be from the 17,000 in Oregon was not released. (Oregon Live)

 

Northwest headquartered pizza maker Papa Murphy’s has filed paperwork to become a publically traded company.  The IPO looks to raise about $70 million.  Papa Murphy’s is the nation’s 5th largest pizza chain with 1418 locations. (Reuters)

 

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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