Oregon is beer happy
Oregon tech company Radisys, has been sold for $74 million to Reliance Industries Limited. Radisys sells communications networking equipment. Radisys had 600 employees at the end of last year. Just 50 were left at its Hillsboro headquarters. (Oregon Live)
The State of Oregon projects that Central Oregon will have fastest job growth in the state over the next ten years. If you’ve tried to hire a contractor lately, you won’t be surprised to learn that the biggest job growth is projected in construction. (Eager Law)
Boeing is acquiring the commercial aircraft arm of Brazilian plane maker Embraer for $4.75 billion. (Reuters)
Amazon says its annual Prime Day will begin on July 16 and run for 36 hours. Prime Day will include deep discounts at Whole Foods. (CNBC)
Oregon is beer happy so this may have some appeal. The typical alcohol content in beer is between 4 and 8 percent, but for $200 per bottle, Samuel Adams offers a deluxe beer that packs 28 percent alcohol content. That translates to 56 proof, the same as Amaretto. The brew is illegal in 15 states. (CNBC)
S&P 500 is up 21 and the NASDAQ is up 60. The MSCI international index is higher.
Oil is up 11 cents at $74.25 a barrel.
Gold is up $3 at $1257 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.