Amazon will open another fulfillment center
Amazon will open another fulfillment center in North Portland in 2018, creating 1,000 full-time jobs. That is in addition to the opening of fulfillment centers in Troutdale and Salem next year along with another 2,500 jobs. The Portland facility will be 918,400-square-feet. (OregonLive)
NORPAC Foods officially notified Oregon employment officials the company will close its Hermiston Foods plant in November and eliminate 199 jobs. The closure is tied to NORPAC’s decision to sell its canning operations to Seneca Foods. (OBN)
Last week, the bull market that started in March 2009 moved ahead of the bull market from 1949 to 1956 to officially make it the second largest bull market gain since World War II. The current gain of 270% is second only to the 417% gain seen during the bull market of the 1990s. (LPL Research)
Communications chipmaker Qorvo, the combination in 2015 of Hillsboro-based TriQuint Semiconductor and North Carolina, RF Micro Devices, plans to eliminate an unspecified number of jobs. Qorvo’s employs about 1,000 at a factory and administrative office in Hillsboro. Qorvo did not specify when the cuts will take place, or how large they will be. (Oregon Live)
The S&P 500 is down 2 and the NASDAQ is down 4. The MSCI international index is higher.
Oil is down 53 cents at $50.16 a barrel.
Gold is down $21 at $1296 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.