Rogue Valley Realty Group now open on Biddle Road
Five members of the Rogue Valley Association of Realtors million dollar club have founded a new realty group.
Rogue Valley Realty Group opened June 14 in suite E at 1560 Biddle Road in Medford. The owners are Terry Rasmussen, Pat Saunders, Lopa Haverson, Sheila Ross and Sherry Owen.
The group has eight real estate agents. The phone number is 734-3188.Region
Tektronix sales improve after return to core focus
PORTLAND — Two divisions smaller, the oldest high-tech company in Oregon is finding improved sales after a return to the core business that established Tektronix — electronic testing equipment.
Tek shed its color printer division last January in a $950 million deal with Xerox, while its video and networking division was acquired last year by the Grass Valley Group in California.
The company was founded in 1946 to build oscilloscopes and has returned to the industrial test equipment market, which has been growing to keep up with the demand for computers, cell phones and other electronics.
For the fiscal year, which ended May 27, Tektronix reported $125.2 million in earnings for its test equipment, nearly a 64 percent increase from the previous fiscal year.
For the fourth quarter, earnings from continuing operations were $31.5 million, or 64 cents a share, up more than 87 percent over the same quarter last year.
Earnings from the test equipment division were 63 cents a share, soaring well above the 35 cents a share predicted by First Call's analysts survey.NATION
Four California women sue Mervyn's on access issues
MINNEAPOLIS — Four California woman have sued the Mervyn's department store chain, alleging that it routinely denies people with disabilities basic access to merchandise, fitting rooms and other store facilities.
The lawsuit, filed in U.S. District Court for the Northern District of California, alleges that the 267-store chain, owned by Minneapolis-based Target Corp., violates the Americans with Disabilities Act.
The lawsuit charges that Mervyn's routinely arranges its merchandise racks so people with wheelchairs and motorized scooters cannot reach much of the merchandise.
The complaint also alleges that sales clerks have been insensitive when alerted to problems.
Target spokeswoman Susan Eich said Mervyn's is committed to making every guest feel welcome in its stores and providing a pleasant shopping experience for guests, including those with disabilities.
Consolidated Edison, union reach tentative settlement
NEW YORK — Consolidated Edison and its largest union reached a tentative contract agreement early Sunday, averting a summer strike by thousands of workers that would have affected 3.3 million metropolitan customers.
The agreement came at about 4 a.m., four hours beyond the union's original strike deadline, said Steve Mangione, spokesman for Local 1-2 of the Utility Workers of America.
This agreement is a win-win situation for the union's 10,000 utility workers and residential and commercial customers, he said.
Minutes before the 12:01 a.m. strike deadline, Con Edison and the union agreed to continue negotiations.
From local and wire reports