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KBNW Business Briefs for 11/05/13



BEND, OR -- Nautilus reported a 22% increase in third quarter sales Monday afternoon.  The Vancouver, WA-based company said sales during the three month period totaled $46.3 million, up from $38.1 million in the same quarter of 2012.  Company officials credited retail and direct sales for the strong quarter.

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Northwest Pipe Company ‘s third quarter earnings and revenues dropped from 2012.  The Vancouver, WA-based manufacturing company reported profits of $1 million on sales.

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In an effort to become carbon neutral, Microsoft has entered a 20-year deal to buy power from a new wind farm in Texas, the first time the tech giant is directly purchasing electricity from a specific source.  The deal announced Monday between Microsoft and RES Americas is being funded in part by money collected from a "carbon fee," an internal tax of sorts that the company has been charging its departments for every ton of carbon produced.

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The 2013 holiday season was projected to be one of the most expensive for air travel in years, experts said.
 
“This is probably going to be the highest-priced holiday fares we’ve seen in the last decade, “ said Pauline Frommer of Frommer’s Travel guides.
 
Those planning on buying plane tickets should get out their wallets soon.  Booking doesn’t guarantee a low price. The average domestic round-trip ticket for this holiday season is estimated at $450.

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BlackBerry has abandoned its bid to sell itself and is replacing its chief executive.  Fairfax Financial, BlackBerry's largest shareholder with a 10% stake, said Monday it won't buy the struggling smartphone company and take it private.  Instead, Fairfax and other investors will inject $1 billion as part of a revised investment proposal.  BlackBerry said CEO Thorsten Heins is stepping down.  Heins took over in early 2012 after the company lost billions in market value, but he failed to turn the company around this year with the launch of BlackBerry's new devices.


If you see local news happen, call the Horizon Broadcasting Group News Tip Hotline at 541-323-NEWS, or email us.

Filed Under :  
Topics : Business_Finance
Social :
Locations : TexasVancouverWashington
People : Pauline FrommerThorsten Heins
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