Oil stock piles decline

Whole Foods stock is climbing on speculation that Kroger might be interested in purchasing the company according to the Investor’s Business Daily. Kroger is rumored to be offering to buy the company in a cash/stock bid of $40 per share. Whole Foods operates 10 outlets...

Healthcare costs cutting into bottom-line

The U.S. service sector grew last month at the slowest pace in more than six years. The Institute for Supply Management services index fell to 51.4 in August. That was much weaker than expected, still, anything above 50 signals growth, and services firms have now...

Still Underwater

The world’s largest retailer, Wal-Mart, had a profit of $1.07 a share essentially flat from last year. Sales grew 0.5% to $121 billion. Same-store sales at Wal-Mart’s U.S. division grew 1.6%. It was the division’s biggest same-sales gain since 2012....

Is housing affordable?

For the second time this month, the Dow, S&P 500, and Nasdaq hit simultaneous record closes, after not having done so since December 31, 1999. (CNBC) Home builder sentiment rose two points to 60 in August. Housing affordability, which has been weakening amid...

Local bank earnings good

Umpqua Holdings the state’s biggest bank reported quarterly profits of $69.2 million. The bank posted $283.9 million in sales. Assets hit a record $24.1 billion, up 6% from a year ago. Deposits climbed to $18.3 billion. (PBJ) Home resales rose in June 1.1% to an...