Markets sold off and bonds gained yesterday on international events in China and the Ukraine. The S&P 500 was down over 1% and the 10-year Treasury fell in yield 10 basis points to 2.65%. (CNBC)
Oregon’s Erickson Air-Crane posted a loss of $1.7 million in the fourth quarter on sales of $92.5 million. The cost of recent acquisitions was cited for the loss. Shares were down about 2% in after-hours trading. (Business Wire)
Liquor sales in Oregon increased 6.2% in January from the year before while volume was up only 3.6%. That shows we are not drinking more but higher priced spirits. The State sold $37.5 million in booze in January 2014. This comes as we prepare for a push to privatize the Oregon hard liquor market. (Oregon Live)
Exports from China to the US have plateaued. This comes as manufactures are moving production to Vietnam, Bangladesh and even the US. About 19% of all US imports come from China. This shows a continued diversified globalization of the world economy. (Bloomberg)
Join us Saturday at 10 for Financial Focus when we will talk to “The Conversation Project” about end of life issues.