KBND Logo

 

On Air Now

KBND Morning News
ON AIR NOW
KBND Morning News
5:00am - 9:00am
Contact

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
Listen to Heather Roberts, Troy Reinhart and daCount weekdays on the KBND Morning News!
Business News


Another record setting day on Tuesday for the S&P 500 as the index finished just above the flat line.  The S&P 500 crossed 1900 for the first time yesterday but was not able to hold it into the close. (Fox Business News)

John Deere posted a profit of $981 million last quarter down 9% from last year.  Sales were also down 9%. The world’s largest maker of farm equipment says sales will be down 7% for the entire year. (Reuters)

Retailer Macy’s is raising its dividend by 25% and increasing its stock buyback program to $2.5 billion as they put their cash to work.  During the first quarter the company saw sales fall 2% and profits increase by 9 %.(CNBC)

A once iconic and struggling brand, Sony, will post its second consecutive annual loss in 2014 and the company expects 2015 to be another losing year.  The company is selling its TV and PC business and will concentrate on imaging, gaming and mobile computing. (Financial Times)

The good news is mortgage applications rose last week by 3.6%, the bad news was it was entirely due to a 7% gain in refinancing.  Applications to purchase a new home are down 12% for the year.  The 30-year rate stands at 4.39%, its lowest level since November.  (Mortgage Bankers Association)

 

Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

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.

 
LinkedUpRadio Envisionwise Web Services