Business | page 20

WEDNESDAY, AUG. 17, 2016

Cisco laying off 5,500 employees amid tech upheaval

SAN FRANCISCO – Cisco Systems is laying off 5,500 employees as the internet gear maker scrambles to adapt to a technology upheaval that has triggered similar cutbacks to other storied tech companies. The shake-up announced Wednesday means about 7 percent ...

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Fed minutes: Conditions could ‘soon warrant’ a rate hike

Federal Reserve officials believed last month that near-term risks to the U.S. economy had subsided and that an interest rate increase could soon be warranted. But they did not indicate when they would likely raise rates. The minutes of their July 26-27 meeting show that officials were encouraged by a rebound in job growth.

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Northwest wheat

Soft white Cash bidChangeAug.4.94-5.12up 0.02-unchangedSept.4.99-5.21up 0.02-unchangedHard red winter (ordinary percent protein)Cash bidChangeAug.4.51-4.72down 0.01Hard red winter (11.5 percent protein)Cash bidChangeAug.4.91-5.21down 0.01Sept.4.91-5.26down 0.01Dark northern spring (14 percent protein)Cash bidChangeAug.6.02-6.17up 0.01Sept.6.02-6.32up 0.01Source: USDA Market News, Portland

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TUESDAY, AUG. 16, 2016

Audit faults NY tourism promotion after damaging storms

ALBANY, N.Y. – Gov. Andrew Cuomo’s administration mismanaged $22 million spent to promote tourism in areas affected by three damaging storms, federal auditors said. New York officials failed to comply with procurement rules and did not ensure money was spent ...

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Northwest wheat

Soft white Cash bidChangeAug.4.92-5.12up 0.02-0.17Sept.4.97-5.21down 0.01-up 0.21Hard red winter (ordinary percent protein)Cash bidChangeAug.4.52-4.73down 0.05Hard red winter (11.5 percent protein)Cash bidChangeAug.4.92-5.22down 0.05Sept.4.92-5.27down 0.05Dark northern spring (14 percent protein)Cash bidChangeAug.6.00-6.15up 0.02Sept.6.00-6.30up 0.02Source: USDA Market News, Portland

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MONDAY, AUG. 15, 2016

Audi to roll out red-light countdown timer

SAN FRANCISCO – You’re stuck at a red light. It’s taking forever. How much time until the light turns green? Ten seconds? Twenty seconds? A minute and a half? Would you be more patient if you knew exactly how long ...

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Stocks close at record high

NEW YORK – U.S. stocks closed at a record high Monday behind gains for chemical and machinery companies. Energy companies rose as the price of oil continued its recent recovery. Makers of chemicals and mining companies made the biggest gains, and machinery companies and banks followed. Investors sold government bonds and utility and phone companies. Those stocks climbed earlier in the year as investors sought safety. Stocks have seesawed between small gains and losses for more than a week as investors consider mixed reports on the health of the economy and a decline in corporate earnings. That hasn’t stopped them from setting records, but it’s kept investors wary.

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The Dirt

Here's the dirt

See the latest new construction, business openings and closures and progress on ongoing projects here.


Parting Shot — 9.28.16

Ebonay Lee holds up her fist toward a line of Sheriff's deputies as she and other people protest today in El Cajon, Calif. Dozens of demonstrators protested the killing of ...

Fishtrap Lake trail work party set for Saturday

TRAILS -- For the second year, volunteers from various groups will be putting their muscle into building a new eight-mile loop trail at the Fishtrap Lake Recreation Area on Saturday. ...

Vegan pizzeria plans grand opening

Allie’s Vegan Pizzeria and Café is ready to reopen at its new South Hill location following a fire in early June. The new spot is at 1314 S. Grand Blvd., ...

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