The Oregon Entrepreneurs Network has chosen 13 finalists for the concept stage portion of its annual Angel Oregon startup competition.OEN on Saturday held its UpStart Day event in which it heard presentations from 25 early stage companies and narrowed the...
Intel Capital on Wednesday said it is investing $100 million in a new fund dedicated to boosting the auto industry?s technology innovation.The investment arm of the Santa Clara, Calif.-based chip-maker (NASDAQ: INTC) ? Oregon?s largest private employer wi...
Portland?s city commissioners have recommended that the state?s liquor control commission nix a license for a Southeast Portland food cart pod.The Portland City Council voted unanimously Wednesday to oppose the possibility that the Oregon Liquor Control C...
Fed Chairman Ben Bernanke's comments before Congress squashed hopes of further monetary stimulus and robbed the Dow Jones Industrial Average of its momentum.The Dow, which closed above 13,000 on Tuesday for the first time since 2008, dropped 53.05 points ...
Two Portland health care giants are teaming up on a major cancer care initiative.Oregon Health and Science University?s Knight Cancer Institute and Legacy Health?s Cancer Institute hope to create ?a more integrated adult community cancer care program? tha...
Paulson Investment Co. Inc. on Wednesday said it?s agreed to sell the bulk of its operations to Tampa, Fla.-based JHS Capital Advisors.Portland-based Paulson will sell JHS its retail arm which buys and sells securities on behalf of investors. The business...
The Windows 8 consumer preview launched Thursday at the Mobile World Congress in Barcelona, Spain.Microsoft Corp.?s newest version of its popular operating system has been redesigned to look virtually the same on tablets and mobile devices as it does on P...
Lattice Semiconductor Corp. on Wednesday said it will purchase up to $20 million worth of its common stock over the next 12 months.The Hillsboro-based maker of programmable logic chips (NASDAQ: LSCC) said it will finance the buyback program with working c...
It appears Weyco Group Inc.'s 2011 acquisition of Portland-based The Combs Co. is paying off.The Milwaukee, Wis.-based marketer of Florsheim, Nunn Bush and Stacy Adams footwear (NASDAQ: WEYS) reported a 20 percent jump in fourth-quarter sales to $75 milli...
Intel Corp. is exiting a wafer factory joint venture it operated with Mircon Technology.As Reuters reports, the JV focused on NAND memory chips used in smartphones, USB drives and other portable storage devices. The chips are replacing traditional hard dr...
Future home buyers will have to pay for the sins of the past.As the Washington Business Journal reports, the Federal Housing Administration plans to increase the cost of up-front mortgage insurance premiums by three-quarters of a percent to restore the ag...
New Facebook Pages from businesses began appearing on Facebook Inc. on Wednesday that incorporate the Timeline product it rolled out in the fall on personal sites.As the Silicon Valley / San Jose Business Journal reports, this allows businesses to add vis...
Hewlett-Packard is reportedly planning to lay off about 275 employees from its webOS mobile software group.As the Silicon Valley / San Jose Business Journal reports, the Wall Street Journal first reported the layoffs, citing an unnamed person familiar wit...
Now that Apple Inc. has invited the press to what is expected to be the introduction of its new iPads next week, another tantalizing rumor surfaced on Tuesday.As the Silicon Valley / San Jose Business Journal reports, the 9to5Mac website cited unnamed sou...
The Southwest Washington Workforce Development Council has landed $2.49 million in worker training grants from the Department of Labor.The money will be used to provide information technology and advanced manufacturing jobs training to residents in Clark,...
Costco Wholesale Corp. reported second-quarter earnings of $394 million, or 90 cents per share, up from $348 million, or 79 cents per share, a year earlier.As the Puget Sound Business Journal reports, that beat analysts' expectations of 87 cents per share...
New Seasons Market announced Monday that it awarded $82,000 in grants to nonprofit organizations focused on healthy food access and sustainable Northwest agriculture.As Sustainable Business Oregon reports, the grants were made in amounts ranging from $300...
Insider trading suspect John Kinnucan has yet to post bail, according to an order filed with the court Tuesday.The federal government alleges Kinnucan provided inside information to hedge fund clients of his now-defunct firm, Portland-based Broadband Rese...
The Dow Jones Industrial Average closed above 13,000 Tuesday for the first time since 2008.The Dow closed up 23.61 points to 13,005, the NASDAQ closed up 20.60 points to 2,986 and the S&P 500 closed up 4.59 points to close at 1,372.The Davidson 99, which ...
Northwest Natural on Tuesday reported a 12 percent decline in 2011 earnings.The utility (NYSE: NWN) reported earnings of $63.9 million, or $2.39 per share, in 2011, compared to earnings of $72.7 million, or $2.73 per share, a year earlier.Earnings were dr...
Mentor Graphics Corp. became Oregon?s latest $1 billion company in 2011 after growing annual sales 11 percent.The Wilsonville-based maker of software used in electronics manufacturing (NASDAQ: MENT) also nearly tripled its profits.It ended the year with e...
Portland-area commuters could face rough going during Tuesday?s ride home.A strong winter front is expected to bring snow levels as low as 500 feet to the metro region Tuesday afternoon just before the late afternoon and evening commute begin. The snow co...
The U.S. residential market ended 2011 on a ?very disappointing? note with home prices down 4 percent compared to 2011.The S&P/Case-Shiller Home Price Indices, a closely tracked view of the housing market, showed home prices hit year-end lows, according t...
Occupy Portland is leading a national day of demonstrations on Wednesday targeting the American Legislative Exchange Council.The Portland rally will begin at 11:30 a.m. Wednesday at Waterfront Park at Southwest Naito Parkway and Southwest Ankeny, followed...
Portland dog owners love their labs.The Labrador retriever topped the list again for Portland's most popular dog, according to the American Kennel Club's annual ranking. Portlanders aren't the only fans of the breed either. The Labrador retriever also ran...
Fast-growing KEEN Inc. is cementing its future in the Pearl District.The Portland-based footwear maker has purchased the Pearl Building, 513 N.W. 13th Ave., and will make the historic building its corporate headquarters and primary retail outlet. The purc...
Oregon?s unemployment rate continues to inch downward.The 8.8 percent rate in January fell from the 9 percent rate posted in December. The December rate was actually 0.1 percent higher than economists had reported last month after an adjustment.The rate r...
Intel has maintained a high profile at the Mobile World Conference in Barcelona. Not a surprise given Intel's aggressive push into the mobile space.As InformationWeek reports, Intel has announced a handful of partnerships at the event designed to increase...
As Oregon lawmakers ready for adjournment of the short session, a handful of bills backed by Gov. John Kitzhaber and Republicans in the House may not be cleared this session.As the Statesman Journal reports, Kitzhaber-supported measures involving school d...
The NorthGlen Villas multifamily apartment project is one of a handful of complexes under construction in central Vancouver.As The Columbian reports, the apartment construction wave is bringing much-needed work to firms that previously focused on single-f...
Precision Castparts faces a long list of safety violations in a report from Oregon OSHA. The Milwaukie-based chemical manufacturer was cited for 32 violations.As the Oregonian reports, none of the violations were deemed "willful," the most serious, but ni...
The Treasury's handling of the Troubled Asset Relief Program included mistakes in financial reporting that the Government Accountability Office found "significant" but not "material."According to Federal News Radio, GAO director of financial management wr...
A lot of people watched the Academy Awards last night ? about 39 million viewers, up slightly from last year.According to Portland-based media measurement company Rentrak Corp. (NASDAQ: RENT), the telecast ?was driven by the traditional movie-going popula...
Intel Corp. and Visa Inc. said Monday they have formed a strategic agreement to develop mobile commerce technologies targeted for consumers in developed and developing countries.The announcement was made at Mobile World Congress, going on through March 1 ...
The trade association representing college bookstores says it has settled a federal lawsuit with Amazon that was sparked after the Seattle retail giant?s ads said that students could save up to 60 percent to 90 percent on textbooks from Amazon.In May 2011...
Mixed martial arts-inspired apparel brand Respect Your Universe Inc. on Monday said it raised $1.5 million in equity capital.The Las Vegas-based company (OTCBB: RYUN), with a Nike-bred executive team based in Portland, issued 1.5 million units comprised o...
Xzeres Corp. on Monday said raised $1.4 million from issuing restricted stock units as it works to build its base of working capital to meet demand.Most of the proceeds will be used to purchase materials to meet customer demand and begin ramping up shipme...
Better-than-expected housing news helped the market overcome an early drop.The Dow Jones Industrial Average closed down 1.44 points to 12,981, the NASDAQ closed up 2.41 points to 2,966 and the S&P 500 closed up 1.85 points to 1,367.The Davidson 99, which ...
Beaverton?s City Council is mulling the designs of a new mixed-use city-backed project.The City Council is poring over preliminary architectural drawings for an affordable and workforce housing project at the corner of Southwest First Avenue and Lombard S...
Former EthicsPoint Inc. CEO David Childers has taken the CEO post at Compli.Lon Leneve, who held the titles CEO and president at Compli, will now serve as president only. Childers said Monday that Compli, a maker of software used for human resources and r...
Northwest Academy will make the former YWCA its new home.The independent art school is under contract to pay $7.2 million for the five-story office-and-fitness building in the heart of downtown?s Museum Place neighborhood. The deal has not closed.The YWCA...
Although Oregon?s unemployment numbers are improving, the state?s non-working population still faces uphill battles in their jobs searches.The Oregon Employment Department?s most recent Job Vacancy Survey indicates that during the month of October, the st...
Portland?s City Council could reject efforts that would allow food cart operators to sell liquor.City Commissioner Amanda Fritz is recommending that the Council oppose a liquor license for the Cartlandia food cart pod at Southeast 82nd Avenue and Harney S...
Portland Saturday Market will celebrate the opening of its 2012 season with an event March 3 and 4.It will be the 39th season for the arts and crafts market located in Waterfront Park below the Burnside Bridge. This year's market will feature more than 35...
During a New Seasons jaunt a couple of weeks ago, my cashier asked about the origin of the treasured Whippy Dip T-shirt I'd worn that day.I regaled her with the tale of how my sister refers to soft-serve ice cream as "whippy dip," and how, when on vacatio...
Google Inc. plans to sell its stake in Clearwire Corp., which it bought in 2008 for about $500 million, for about $47 million. The plan sent Clearwire shares falling nearly 7 percent in Friday tradingAccording to the San Francisco Business Times, in a reg...
Electronics retailer Best Buy has cut the price of existing iPads by $50 in another sign that Apple Inc. is set to introduce a new line of tablet computers.The Silicon Valley / San Jose Business Journal reports that the price of the WiFi-only iPad 2 model...
Hewlett-Packard Co. is reportedly getting ready to introduce new tablet devices by year?s end that run on Windows 8 software from Microsoft Corp.CNET reports there are two designs being prepared ? one using the next-generation Atom processor from Intel Co...
The parent of United Airlines wants Boeing Co. to pay it for late delivery of its ordered 787 Dreamliner jets.The Puget Sound Business Journal reports that United Continental Holdings Inc., in a 10-K filing with the Securities and Exchange Commission, sai...
Portland-based Adidas America Inc. has extended its endorsement deal with the Chicago Bulls? Derrick Rose in a deal that could land the reigning NBA most valuable player more than $200 million over the next 13 years, Yahoo! Sports reports.Adidas on Sunday...
Nike Inc.?s efforts to latch onto Jeremy Lin?s rising star continued Friday when it unveiled a pair of customized basketball shoes for the New York Knicks guard. But the company might find marketing the Chinese-American athlete in China a challenge.Nike (...
Occupy protesters gathered at the San Francisco home of Wells Fargo chairman and CEO John Stumpf Saturday to deliver their version of a foreclosure notice.The San Francisco Business Times reports that the protesters said they took issue with foreclosures,...
It was a sluggish day on Wall Street.The Dow Jones Industrial Average closed down 1.74 points to 12,982, the NASDAQ closed up 6.77 points to 2,963 and the S&P 500 closed up 2.28 points to 1,365.The Davidson 99, which measures stocks in seven western state...
Portland's restaurant scene continues to sizzle.If you need proof, the current issue of the Business Journal is full of it.Andy Giegerich documents the rise of indie burger joints in Portland (a challenging assignment for Andy, a vegetarian, but he defini...
TriMet officials defended the agency?s recent performance and called for its employee unions to bend on the contract that pays its members ?arguably the richest health care benefits? in the country.General Manager Neil McFarlane and the agency?s budget co...
Portland General Electric Co. on Friday said the utility increased annual earnings by 17.6 percent, though the results fell short of Wall Street expectations.The Portland-based investor-owned utility (NYSE: POR) said net income for the year grew to $147 m...
Happy birthday, Phil Knight. Welcome to the Hall of Fame.The Nike Inc. co-founder and chairman on Friday was chosen for induction into the Naismith Memorial Basketball Hall of Fame on the same day as his 74th birthday.He will be joined there by Bill Schon...
The sale of a Springfield food manufacturer created to support Sikh activities is setting off legal action in state and federal courts across Oregon.The dispute dates to 2007, when followers of the late Sikh spiritual leader Yogi Bhajan sold a 90 percent ...
Owners of a Portland apartment complex have agreed to pay $55,000 to the state to settle civil rights charges.Oregon Attorney General John Kroger said Friday the owners of Wah Mai Terrace, at 419 S.E. 111th Ave., generated several complaints about housing...
The apartment market will continue to lead the commercial sector in 2012 and Portland is one of the cities leading the nation?s hottest real estate property.Portland is tied with Minneapolis for the nation?s second lowest vacancy rates at 2.5 percent. New...
This is a big weekend for Artists Repertory Theater Artistic Director Allen Nause.Not only are he and his wife celebrating his birthday in an isolated cabin in the woods, he and his television wife will be killed tonight in an isolated cabin in the woods ...
If you still aren't used to people apparently talking to themselves on Bluetooth phones or you get annoyed by distracted people texting, just wait until you see what Google is bringing out later this year.As the Silicon Valley / San Jose Business Journal ...
Digimarc Corp. on Thursday said it continued to improve its profitability in 2011 as sales grew 16 percent.The Beaverton-based developer of digital watermarking technology (NASDAQ: DMRC) reported a 36 percent increase in full-year net income to $5.7 milli...
Sears Holding Corp. is separating its house wares, outlet and some hardware stores from its core business as it looks to raise capital.The Hoffman Estates, Ill.-based company will sell rights to purchase shares in the separated businesses, according to a ...
One day after an Oregon federal judge ordered his pre-trial release, a New York federal judge has ruled insider trading suspect John Kinnucan needs to post bail in order to be released.Various news outlets, including Bloomberg, report New York Judge Debor...
It seems so long since Nike Inc.?s share price hit an all-time high. But don?t fear shareholders, this eight-day drought has to end sometime.On that front comes good news from Sterne Agee analyst Sam Poser, who on Thursday upgraded his price target on Nik...
Wednesday's unveiling of Portland?s Willamette River Recreation Strategy at Portland?s City Council meeting received hardly any fanfare. It should have.The city hopes to retool the way the Willamette?s recreational and industrial uses are balanced with wa...
Bellevue-based T-Mobile USA, the smallest of the four major U.S. carriers and the most troubled after the failure of its $39 billion merger earlier this year with AT&T, announced today that it plans to introduce advanced 4G LTE data services to its mo...
Oregon?s House has passed a key component of Gov. John Kitzhaber?s 2012 health care agenda on a vote of 53 to 7.The House passed Senate Bill 1580, which will implement Kitzhaber?s coordinated care organizations to oversee the Oregon Health Plan?s public p...
Consumer confidence continues to rise along with the job market, helping to lift the Dow Jones Industrial Average close to the 13,000 threshold.The Dow gained 46.02 points to close at 12,984 Thursday, the NASDAQ closed up 23.81 to close at 2,956 and the S...
Zen Bicycle Fabrication opened its doors in Portland three months ago, bringing together a team of bike building experts at a time that happened to coincide with the region's largest bike fabricator closing its doors.The result? Some pretty brisk growth f...
Earlier this month, Ideabox announced it would unveil a new green prefabricated home brought to life in partnership with the design team at Ikea Portland.Salem-based Ideabox, which makes environmentally friendly pre-built homes, debuts "Aktiv," its Ikea-r...
Amazon has pulled nearly 5,000 e-book titles from its site in a dispute with Independent Publishers Group, the second-biggest independent publishers group in the country.Amazon pulled the titles in a dust up over e-book discounts, which Amazon generally w...
A PeaceHealth proposal could prompt Clark College to site its north county campus in Ridgefield.As the Columbian reports, PeaceHealth is proposing to partner with the college on a 90-acre campus in Ridgefield that would serve as a training site for nurses...
The U.S. Air Force has reportedly killed plans to purchase 2,861 iPad tablet computers for flight crews with its Special Operations Command.As the Silicon Valley / San Jose Business Journal reports, the move came a day after the Nextgov website reported t...
Hewlett-Packard Co. stock was down 5.77 percent when it opened Thursday.As the Silicon Valley / San Jose Business Journal reports, the Palo Alto-based company's (NYSE:HPQ) stock was trading around $27.02 per share, down almost 7 percent Thursday morning f...
Boeing Co. and Airbus are making too many planes and there is a "vast amount of overordering" by some of the world's airlines, according to the world's third-largest airplane leasing company.As the Wall Street Journal reports, Aengus Kelly, chief executiv...
Microsoft, Amazon.com Inc., Hewlett-Packard Co., Google Inc. and Apple Inc. have agreed to improve privacy protection for mobile applications.As CNet reports, the tech giants have agreed to inform users about data that their apps will access, use and shar...
A trio of elected officials will tout the job-generating engine of the Portland-Milwaukie light rail project during an event Thursday morning.U.S. representatives Earl Blumenauer and Kurt Schrader will join Portland Mayor Sam Adams to lead a tour beginnin...
NBA legend and Nike Inc. icon Michael Jordan on Wednesday said he has filed a lawsuit in China against a Chinese sports brand he says is using his name without authorization.The case pits six-time NBA champ Jordan ? now owner of the NBA?s Charlotte Bobcat...
Hewlett-Packard Co. on Wednesday posted a 44 percent drop in earnings but managed to beat Wall Street profit expectations for the first quarter.The Palo Alto company (NYSE:HPQ), which maintains operations in Corvallis and Vancouver, Wash., said net income...
A federal judge has ordered the pre-trial release of a Portland analyst accused of insider trading.In a Wednesday afternoon hearing at the U.S. District Court in Portland, Judge Janice M. Stewart ruled against prosecutors who argued John Kinnucan is a fli...
The agency that oversees the Portland area?s public transportation system has approved new fares for its paratransit services.TriMet?s board of directors approved a phased-in fare increase for one-way trips provided by the group?s LIFT system. The one-way...
Just a month ago, Stefan Olander, Nike Inc.?s vice president of digital sport, showed off the company?s new FuelBand training wristband promising more digital innovations to come.?What I can say is we?ve got some really exciting experiences that we?re goi...
Portland park advocates will get another inner-city space at which they can recreate.The city will break ground on the new Fields Park, at Northwest 10th Avenue and Overton Street, on March 6. The 3.2 acre Pearl District park will cost $5.5 million, with ...
The Dow Jones Industrial Average closed down 27.02 points Wednesday to 12,938, the NASDAQ closed down 15.4 points to 2,933 and the S&P 500 closed down 4.55 points to 1,357.The Davidson 99, which measures stocks in seven western states, including 19 in Ore...
In a widely anticipated move, Lithia Motors Inc. said Bryan DeBoer will succeed his father, Sid DeBoer, as CEO on May 1.The elder DeBoer will assume the role of executive chairman. The Medford-based retailer disclosed its succession plan on Wednesday when...
The Oregon Department of Agriculture will honor businesses, educators and state government leaders for their contributions to agriculture at a dinner next month.The twentieth annual Agricultural Progress Awards Dinner will be held in Pendleton on March 19...
The Travel Channel is back in Portland, this time to feature the city's love of beer, bikes and sustainability.The show's producers certainly knew where to look to find all three: Hopworks BikeBar on North Williams Avenue."Because of our unique position a...
A Bend developer on Wednesday pleaded guilty to a variety of charges related to his failed company, Desert Sun Development of Bend.Tyler Fitzsimons pled guilty to charges of conspiracy, bank fraud and money laundering.According to the U.S. District Attorn...
If you need more proof that Portland is a city that attracts the young, our latest On Numbers analysis provides it.According to the Business Journal study, the median age of Portland metro area residents is 36.4, ranking the city No. 640 among the 942 met...
Apple has reportedly confirmed plans to build a new data center on 160 acres of land it acquired in Prineville.According to a report by KTVZ.com in Bend, Apple paid $5.6 million for the property as part of a plan that has been kept secret under the code n...
Apple's stock run-up to $500 earlier this month had some wondering if we may see the first trillion-dollar public company around the corner.As the Silicon Valley / San Jose Business Journal reports, it hasn't happened before but a number of analysts insis...
Boeing Co. said it will inspect all completed 787s for delamination problems in the aft part of the plane's fuselage, which will impact some short-term deliveries of the 787.As Bloomberg reports, Boeing (NYSE: BA) will inspect about 55 787s. The problem p...
Is Microsoft developing Office software for Apple Inc.? The company has denied any collaboration but that hasn't quelled speculation.As the New York Times reports, the tech publication The Daily insists that a Microsoft employee has demonstrated a finishe...
A study of potential buyers of Apple Inc.'s iPad 3 found that almost half of those asked said they plan to buy the new tablet.As the Silicon Valley/San Jose Business Journal reports, half of those potential iPad buyers already own Amazon.com Inc.'s (NASDA...
Long a leader in sustainable practices, food service operator Bon Appétit Management Company announced Tuesday a new slate of animal welfare policies that it publicized in partnership with the Humane Society of the United States.As Sustainable Business Or...
Nike Inc. showed off the latest handiwork of its Nike Better World initiative Tuesday when it unveiled its so-called summer of innovation and summer of competition lineup at an event in New York.As Sustainable Business Oregon reports, pieces of the new li...
A detention hearing is scheduled for Wednesday in the case of accused insider trader John Kinnucan.In a criminal complaint filed in New York, the federal government alleges Kinnucan provided inside information to hedge fund clients of his firm, Portland-b...
More than half of the Portland metro area's 2.17 million residents are female.According to an On Numbers analysis compiled by the Business Journal, the split is 50.61 percent female to 49.39 percent male.That's in line with the national average, where 50....
The Dow Jones Industrial Average topped 13,000 at one point Tuesday, before dropping below that threshold.The Dow closed up 15.82 points to end the day at 12,965, the NASDAQ closed down 3.21 points to 2,948 and the S&P 500 closed up 0.98 points to 1,362.T...
Adidas on Tuesday announced that Heisman Trophy winner Robert Griffin III has signed a sponsorship deal with the brand.It?s a deal that seems, in an odd way, destined to happen: a prospective top-five NFL draft pick whose name prominently features three s...
Nike Inc. on Tuesday showed off its latest innovations in track suits, running spikes, lightweight footwear and Team USA basketball uniforms all built for use at this summer?s London Olympics.That message is clear despite the fact that the words ?London? ...
The Portland Development Commission is poised to make $300,000 available for projects in the Lents and Interstate urban renewal areas.The money, from the group?s Community Livability Grant Program, would help fund local business growth, among other effort...
I?m an editor, so I guess I enjoy fixing people?s mistakes.This one, though, really galls me. Every time.Last night, while watching TV, I saw a commercial for the upcoming ?2012 World?s Greatest Hobby on Tour? ? a model railroading showcase slated for thi...
Sterling Financial Corp. will lay off 6 percent of its workers, or around 150 people, the bank announced in a filing Friday with the U.S. Securities and Exchange Commission.The move will save the bank around $15 million in annual payroll. It's unclear whe...
BGC Partners Inc. (Nasdaq: BGCP) said Monday that it has agreed to acquire the majority of Grubb & Ellis Co.?s assets.Earlier this year Santa Ana, Calif.-based Grubb & Ellis entered into an agreement with New York-based BGC to explore the possibility of f...
I first met Allan Price back in 2005, when Business Journal Publisher Craig Wessel and I began exploring ways to work more closely with the University of Oregon.We ventured to Eugene and had a productive meeting with Allan ? then UO?s vice president of ad...
Last summer, former Adidas executive Tim McCool brought Italian swimwear company Arena to the Pearl District, where he?s leading the brand?s efforts to knock Speedo of its perch in the U.S.In this week?s Portland Business Journal, I wrote about how this s...
Allan Price, president of the Oregon Health & Science University Foundation, passed away suddenly Friday while on vacation in Mexico. He was 56.As the Portland Business Journal reports, OHSU President Joe Robertson sent employees an email Friday evening a...
Intel's effort to build WiFi capabilities into semiconductor chips could result in smaller, faster mobile devices.As InfoWorld reports, Intel is expected to divulge more information about its WiFi chip, dubbed Rosepoint, at the International Solid-State C...
Bioplastics manufacturer Trellis Earth Products Inc. is now a public company and is looking to sell 8 million shares of its stock at the scaled back price of $1.20 per share, down from the original plan of $2 per share.As Sustainable Business Oregon repor...
Darren Nichols takes over as executive director of the Columbia River Gorge Commission on Feb. 27.As The Columbian reports, Nichols most recently worked on planning and management issues with the Oregon Department of Land Conservation and Development. In ...
Allan Price, president of the Oregon Health & Science University Foundation, passed away suddenly Friday while on vacation in Mexico.He was 56.OHSU President Joe Robertson sent employees an email Friday evening after hearing from Price's wife, Susan.Price...
Portland ranks No. 697 of 942 metro areas for families living below the poverty level.According to an On Numbers analysis compiled by the Business Journal, 8.3 percent of Portland all families live below the poverty level. The percentage rises to 12.9 per...
A city audit of Portland?s economic development agency uncovered payments to unregistered businesses, possible conflicts of interests and other areas that need immediate repairs.The report, issued this week by Portland City auditor LaVonne Griffin-Valade,...
The Portland Business Journal has won three awards from the Society of American Business Editors and Writers.The awards acknowledge the nation?s best economic news coverage.Staff writer Matthew Kish won two awards and Editor Rob Smith won one.Kish won hon...
Portland?s City Council will consider a measure that will spell out how it can work with developers looking to clean up city brownfield sites.The City Council will give a second reading to a bill authorizing grant and loan agreements for a $1 million Envi...
It was a mellow day on Wall Street in advance of the three-day weekend.The Dow Jones Industrial Average closed up 46.01 points to 12,950, the NASDAQ closed down 8.07 points to 2,951 and the S&P 500 closed up 3.19 points to 1,361.The Davidson 99, which mea...
Lawmakers in Washington appear to have hammered out a deal on a major payroll tax cut. But contrary to the hopes of renewable energy advocates, an extension of the expiring wind energy Production Tax Credit wasn't part of the package.The payroll tax bill ...
President Barack Obama toured the Boeing Everett plant Friday and used the trip to promote tax breaks for companies that create jobs in America.During his factory tour, Obama met a Boeing worker who helped build Air Force One.?So I told him he did a prett...
It?s last call for Champions, the longtime restaurant at the Marriott Portland Downtown Waterfront.Champions will close for good on Saturday as the Marriott debuts its new upscale Truss restaurant.Truss, helmed by Chef Andy Arndt, was developed as part of...
Oregon Attorney General John Kroger along with 11 other state attorneys general and the governor of Washington are urging the Supreme Court to uphold federal health care reform.The United States Court of Appeals for the Eleventh Circuit ruled in August 20...
Portland Energy Conservation Inc. is laying off 15 percent of its 380-person workforce Friday as stimulus-funded energy projects come to an end.As Sustainable Business Oregon reports, Executive Director Phil Welker said, while painful, it is critical that...
The Business Journal's Forty Under 40 event is absolutely one of my favorite events of the year. It honors a group that's full of energy and incredible ideas and one that will no doubt make lasting contributions to our city.More than 500 people attended a...
Portland area homes sold faster in January as prices and the inventory of for-sale properties dropped.The Regional Multiple Listing Service said Wednesday homes sold in January spent an average of 136 days on the market, down 14.6 percent from the 160 day...
David Gilbert of Roseburg was sentenced Thursday to 37 months in prison for conspiring to commit bank fraud.According to the Department of Justice, Oregon district, Gilbert's fraud totaled more than $19 million and involved more than 500 checks written be...
As hopes for a Greek bailout deal soared, so too did U.S. stocks.The Dow Jones Industrial Average closed up 123.13 points to 12,904, the NASDAQ closed up 44.02 points to 2,959 and the S&P 500 closed up 14.81 points to 1,358.The Davidson 99, which measures...
Portland Trail Blazers owner Paul Allen has spoken, kind of, about the possibility that Seattle could attract another NBA team.Allen issued a (very brief) statement on a forthcoming proposal to build a new arena near Safeco Field.?It was a sad day when th...
Sam Adams? chief of staff will move over to the city?s parks department.Warren Jimenez, a longtime Adams employee, will become the city?s parks and recreation department?s assistant director. Jimenez became Adams? chief a year ago, replacing Tom Miller. M...
Oregon lawmakers are considering a measure that would punish companies that, in print or online ads, limit job applicants to only those who have jobs.Senate Bill 1548 ?prohibits businesses that limit its applicant pool ?to those not currently unemployed.?...
It just leased two-plus floors at Portland?s historic Galleria, but Target Corp. is still scouting real estate in the Rose City.The Minneapolis-based retailer (NYSE: TGT) is looking for at least two new store locations offering ?great real estate with emp...
One of the first employees at Portland Monthly has become the magazine?s publisher.Kelly Montoya takes over the role from co-founder Nicole Vogel, who?ll remain president of SagaCity Media, the company?s publisher.Montoya joined Portland Monthly in 2003 a...
Now that Kellogg has negotiated a deal to buy Pringles from Procter & Gamble (NYSE: PG) for $2.7 billion, there's speculation that the buyer might be interested in snacking on some other brands.The Pringles pick up supports Kellogg's (NYSE: K) strategy of...
The Oregon House is set to vote on a measure that would require public and private officials who witness instances of child abuse to report it to law enforcement agencies.House Bill 4016 applies to employees of higher education, public or private organiza...
University of Oregon officials are praising President Barack Obama for what they see as a continued commitment to student aid and research funding.?Sponsored research is absolutely essential to the UO?s mission and to our state?s well-being,? said Kimberl...
A debate over where to site high-powered transmission lines in Clark and Cowlitz counties is getting attention from southwest Washington timber owners.As The Columbian reports, some timber owners fear the new lines could be placed along valuable timber st...
Apple Inc. is reportedly now requiring application makers to obtain approval from users before uploading data from their address books.As the Silicon Valley / San Jose Business reports, Bloomberg is reporting that Apple is making its rules more stringent ...
Apple Inc. plans to add popular features from the iOS mobile operating system on its iPad and iPhone devices to the next version of its operating system, dubbed "Mountain Lion."As the Silicon Valley / San Jose Business Journal reports, CEO Tim Cook told t...
Portland?s efforts to impose order on the booming business of urban food production is one step closer to becoming law.The city?s Bureau of Planning and Sustainability released an initial draft new codes for community gardens, chicken coops and farmers ma...
The last thing a reader of the "Sports Illustrated" annual swimsuit issue wants is more coverage.Digimarc Corp. on Wednesday said it?s done its part to make sure this year?s issue ? released Tuesday ? is fully enhanced without any unwanted blemishes.The B...
Portland Mayor Sam Adams is set to sign a memorandum of understanding with a Brazilian consulting firm to develop partnerships between Portland-area cleantech and sustainable businesses and their counterparts in Brazil.Members of the consulting firm Susta...
Ongoing debate about a Greek bailout and a slide by Apple to below $500 sent stocks tumbling to their worst performance of the year.The Dow Jones Industrial Average fell 97.33 points to 12,780, the NASDAQ closed down 16 points to 2,915 and the S&P 500 los...
Integrated Device Technology Inc. has completed the sale of its Hillsboro semiconductor manufacturing plant to Alpha and Omega Semiconductor Ltd.Sunnyvale, Calif.-based Alpha and Omega designs, develops and sells power semiconductors.San Jose-based IDT ha...
Four percent of the nearly 851,000 households in the Portland metro area have incomes and benefits above $200,000 a year. That is good enough to rank the city No. 72 on a wealthiest cities' list that includes 942 metro areas.According to an On Numbers ana...
President Barack Obama has taken up the reform of operations at the U.S. Postal Service in his latest budget.The president?s budget proposal supports several reform initiatives including the end to Saturday mail deliveries, The Washington Post reported. O...
Portland business leaders said Tuesday that a new plan to double the region?s exports over the next five years could create 113,000 area jobs.As the Portland Business Journal reports, economic development officials, who want to raise the region?s value of...
The Columbia River Crossing project got a boost Tuesday, when the Washington Senate approved a measure to allow tolls on the proposed I-5 bridge to connect Portland and Vancouver.As the Seattle Post Intelligencer reports, the Senate voted 33-15 to pass th...
After debuting last month at the Portland International Auto Show, Boxx Corp. is catching the attention of the tech world with a new take on electric transportation.As Sustainable Business Oregon reports, founded by designer and engineer Eric Vaughn, Port...
Portland business leaders said Tuesday that a new plan to double the region?s exports over the next five years could create 113,000 area jobs.Economic development officials, who want to raise the region?s value of exported goods to $42 million by 2017, un...
U.S. stocks ended the day mostly flat after news that Greece was committed to new austerity measures.The Dow Jones Industrial Average closed up 4.24 points to 12,878, the NASDAQ closed up 0.44 points to 2,931 and the S&P 500 closed down 1.27 points to 1,3...
Wieden+Kennedy is laying off nearly 40 people in Portland as a result of losing the Target Corp. account last month.A Wieden+Kennedy spokesperson confirmed the layoffs in an emailed statement. "This is never something we like to say, but yes we are in the...
Oregon?s Senate has approved a key component of Gov. John Kitzhaber?s so-called health care transformation package.Senate Bill 1580 creates a system that uses ?coordinated care organizations? to manage Medicaid health benefits. The Senate voted 18-12 to a...
President Barack Obama wants to pour nearly $120 million in his proposed transportation budget toward two high-profile Oregon projects.Obama?s budget calls for $100 million for the Portland-Milwaukie Light Rail project. The project includes the new bridge...
A wholesale nursery operator in Damascus has filed for bankruptcy, listing between $10 million and $50 million in debts.Leo Gentry Wholesale Nursery Inc., operating as Eagle Crest Nursery LLC, filed for protection from creditors under Chapter 11 of the U....
The University of Oregon on Tuesday released its annual report on the school's statewide economic impact.According to a study by UO economist Tim Duy, the university's total impact of spending by the school, its students and visitors is about $2.12 billio...
Oregon is seeking to co-lead a class action lawsuit against the Bank of New York Mellon Corp. over alleged currency exchange manipulation.The suit seeks to recover at least $15.7 million that the Oregon Common School Fund and Oregon Public Employees Retir...
A new bioscience report suggests that Oregon clinical trials are taking place in more than just Portland.The report Research in Your Backyard, issued by the Washington, D.C.-based Pharmaceutical Research and Manufacturers of America, found that more than ...
Barrett Business Services Inc. lost money in the fourth quarter but posted a profit for 2011.As The Columbian reports, the Vancouver-based staffing agency reported a fourth-quarter loss of $93,000, or 1 cent per share. For the year, the company earned $14...
Verizon Wireless and AT&T Inc. will reportedly offer versions of Apple Inc.'s new iPads beginning early next month that run on their latest fourth-generation wireless networks.The Wall Street Journal cited unnamed sources who said the new tablets would be...
Apple Inc. took the top spot in Harris Interactive's annual survey of the most respected corporate brands, surpassing last year's No. 1, Google Inc.Both companies posted scores within Harris' excellent range.Nike Inc. came in at No. 20, with a score that ...
Portland has a higher rate of self-employed citizens than the national average, but the city is middle of the pack when matched against other metro areas and nearly dead last among Oregon cities ranked.About 7.4 percent of Portland's 1.07 million civilian...
Reuters is reporting that work will slow on the Department of Defense?s two primary Washington state Boeing Co. contracts ? the Navy P-8A and the Air Force tanker ? under a budget proposal released by the Pentagon on Feb. 13.As the Puget Sound Business Jo...
The Life Flight Network, which transports trauma victims to hospitals, said Monday it is buying 15 helicopters to essentially replace its current fleet of 11 choppers.The company, which has administrative offices in Aurora, ordered 15 AW119Ke helicopters ...
The Oregon Bankers Association and Wells Fargo have emerged as the biggest opponents of a plan put forward by Mayor Sam Adams to move more of the city's money to small banks and credit unions.Public sentiment remains heavily in favor of the proposal, with...
After hitting its lowest level of the year on Friday, the market rebounded on Monday on news of a payroll tax cut deal.Republican leaders on Monday said they had reached agreement to extend a payroll tax cut without offsetting the cut with spending reduct...
President Barack Obama included 210 cuts, consolidations and cost-saving measures in his fiscal 2013 budget proposal, many of which make good on plans first announced by the Defense Department in January.According to the budget, which was released Monday,...
Chinese athletic apparel and footwear brand Li-Ning closed its Pearl District retail store last week and the company?s U.S. operations are now being run out of Chicago, a spokesman said Monday.The company?s Pearl District offices still house a product des...
It is never easy selecting the Business Journal's Forty Under 40 recipients, and this year was no exception. There are just too many up-and-coming young professionals in Oregon and southwest Washington who deserve recognition.In the end, of course, that's...
The Oregon House has referred a much-watched health bill back to the Joint Ways and Means Committee for more analysis.House Bill 4164 spells out how the business plan for Oregon?s pending health insurance exchange would operate. Oregon?s House was to vote...
Portland's mass transit system has long been the envy of other mid-sized cities hoping to relieve traffic congestion and battle pollution.It's no surprise then that of 942 metro areas ranked by mass transit usage, the Rose City comes in parked at No. 21.A...
Portland area hotels enjoyed a 3.6 percent increase in occupancy rates and a 4.5 percent increase in average room rates in 2011.The revival of the recession-battered tourism industry sets the stage for Travel Portland?s annual State of the Industry breakf...
The Salvation Army?s annual red kettle campaign netted nearly $800,000 to support its Portland area outreach programs serving the poor.The nonprofit said its annual holiday campaign exceeded its goal by raising $796,232 over the course of 32 bell-ringing ...
Oregon lawmakers are considering a measure that would allow more companies to start insurance sidelines that cover their own employees.The ?captive insurance? bill passed through the Oregon Senate?s Committee on Business, Transportation and Economic Devel...
Barrett Business Services Inc. has rejected an activist shareholder's request for a special meeting of shareholders to vote on a proposal to oust five of its six directors. The company said Kimberly Sherertz doesn't hold enough shares to call such a meeti...
Papa Murphy's International on Monday said its 2011 sales grew more than 10 percent to $702 million. It also added more than 800 employees as it locations swelled to 1,300.The Vancouver, Wash.-based take-and-bake pizza chain said also signed new franchise...
William Mehlhaf, whose name adorns Portland?s prominent Markowitz, Herbold, Glad & Mehlhaf law firm, has passed away at the age of 61.The Portland Business Journal reports that Mehlhaf lost his three-month-plus battle with pancreatic cancer Feb. 4. Collea...
Boeing Co. said it will test its planned 737 MAX airplane in wind tunnels in England and in Seattle beginning next week.The Puget Sound Business Journal reports that in Farnborough, U.K., engineers will test the forecasted low-speed performance of the 737...
Amazon.com Inc. is looking for two executives with experience in children's and comedy television production, "to develop original series for the web and for traditional distribution channels."According to the Wall Street Journal's All Things D, Amazon (N...
A $150 million lawsuit between Bill Stoller and longtime business partner Robert Funk has cleared a major hurdle.This month, a federal judge in Oklahoma ruled against a motion to dismiss filed by Funk, who co-founded Oklahoma-based Express Services Inc., ...
It?s doubtful Joe Weston looked much like a future real estate magnate when he was working the soda counter of a Northeast Glisan pharmacy nearly six decades ago.Weston first encountered income-producing real estate working as a soda jerk.His duties inclu...
William Mehlhaf, whose name adorns Portland?s prominent Markowitz, Herbold, Glad & Mehlhaf law firm, has passed away at the age of 61.Mehlhaf lost his three-month-plus battle with pancreatic cancer Feb. 4. Colleagues will remember the litigator for his in...
Pronghorn Club & Resort announced Friday that it has been acquired by Honolulu, Hawaii-based The Resort Group.The Resort Group took over the resort after acquiring debt on the property held by the European bank Société Générale S.A. in December. The bank ...
There's a new leader at Portland International Airport among passenger carriers.With a 19.3 percent market share, Southwest Airlines overtook Horizon Air on the Business Journal's list of PDX's busiest carriers in 2011. Horizon Air owned 17.6 percent of t...
A snag in negotiations over a Greek bailout sent Wall Street to its lowest point of 2012.The Dow Jones Industrial Average closed down 89.23 points to 12,801, the NASDAQ closed down 23.35 points to 2,903 and the S&P 500 fell 9.31 points to 1,342.The Davids...
Bank of the Cascades on Friday announced an ambitious plan to loan $1 billion to consumers and businesses over the next three years.The announcement marks a turning point for the Bend bank, which has been one the hardest hit by the economic crisis, losing...
Oregon Treasurer Ted Wheeler on Friday said that his department has secured a $250,000 grant from the Rockefeller Foundation to study ways to creatively finance public infrastructure projects.The state is working in conjunction with officials in Washingto...
We've been following the effort by state attorneys general to negotiate an agreement with five of the nation's biggest lenders over improper foreclosures for months.Oregon signed onto the settlement with Bank of America, JP Morgan Chase, Citibank, Ally Fi...
The value of Facebook Inc.'s private shares have jumped by 10 percent since it filed for an initial public offering last week, giving it an estimated valuation of more than $100 billion.That market valuation is higher than a number of more established tec...
Flir Systems Inc. on Friday said fourth-quarter profit grew 9 percent to $76.1 million despite sales falling by 7 percent.The Wilsonville-based maker of infrared cameras and systems earnings easily beat Wall Street estimates, though it fell far short on r...
FEI Co. CEO Don Kania has been named the 2012 Technology Executive of the Year by TechAmerica Oregon, the state?s high-tech trade group.TechAmerica also on Friday said Kirby Dyess, principal of Beaverton-based Austin Capital Management, will be the first ...
Portland's manufacturing sector gained ground in 2011.According to an On Numbers analysis compiled by the Business Journal, the city gained 1,600 manufacturing jobs in 2011, bringing total sector employment to 106,700. That was a large enough gain to land...
After narrowly missing making the NBA All-Star game last year, Portland Trail Blazers forward LaMarcus Aldridge will get his shot.As the Portland Business Journal reports, Aldridge became the 15th player in the Blazers' 41-year history to make the NBA All...
A Boston-based real estate investment trust, or REIT, has acquired the Capitol City Business Center, a Salem office complex that is highly visible from Interstate 5.As the Portland Business Journal reports, Government Properties Income Trust paid $30.9 mi...
Moventas, a Finnish maker of wind turbine gears, has been repairing wind turbine gear boxes from a North Portland plant for years.Last year, the company invested heavily to expand the 70,000-square-foot Portland plant so it could now manufacture new gearb...
A new energy company is making substantial investments in Northwest dairy towns, hoping partnerships with farmers in Oregon and Washington will pay big dividends from energy produced in anaerobic digesters fueled by cow manure.As Sustainable Business Oreg...
Some 300 members of Portland's green building community gathered Thursday morning to honor some of the brightest lights in their industry.As Sustainable Business Oregon reports, Business Journal photographer Cathy Cheney was on hand to capture the festivi...
Amazon.com Inc. will introduce a larger Kindle Fire tablet with a 9-inch screen later this year to compete with the new Apple Inc. iPad 3, which is expected to debut next month.As the Wall Street Journal reports, Amazon (NASDQ: AMZN) is also expected to i...
Air India now wants $1 billion from Boeing Co. to compensate the airline for more than three years of delays for delivery of Boeing 787s.As Bloomberg reports, Air India originally demanded $840 million from Boeing in August 2010 for the late-arriving plan...
Following the hardware path that Amazon.com Inc. took when it introduced Kindle e-reader devices, Google Inc. is planning to introduce an "entertainment device." As the New York Times reports, the device will have Bluetooth and Wi-Fi and will connect to c...
After narrowly missing making the NBA All-Star game last year, Portland Trail Blazers forward LaMarcus Aldridge will get his shot.Aldridge became the 15th player in the Blazers' 41-year history to make the NBA All-Star game. He?s slated to play in the Feb...
A Boston-based real estate investment trust, or REIT, has acquired the Capitol City Business Center, a Salem office complex that is highly visible from Interstate 5.Government Properties Income Trust paid $30.9 million for the 233,135-square-foot complex,...
Former Metro Council President David Bragdon returned to Portland this week for the annual Better Bricks celebration of sustainable construction, a topic dear to both Portland and New York City as they pursue ambitious goals to reduce carbon emissions.Bra...
Wall Street didn't get much of a boost from news of a Greek bailout.The Dow Jones Industrial Average closed up 6.51 points to 12,890, the NASDAQ closed up 11.37 points to 2,927 and the S&P 500 closed up 1.99 points to 1,351.Among stocks of regional intere...
Reed College President Colin Diver this week said the school has raised more than $185 million in an ongoing effort to raise $200 million.Major gifts include a $10 million commitment from Reed Trustee Dan Greenberg and his wife, Susan Steinhauser. The sci...
The Port of Portland on Thursday announced a reorganization that gives two key executives new titles in an effort to reduce administrative costs.Sam Ruda, the port?s director of marine and industrial development, will hold the newly created title chief co...
Strong holiday shipping was not enough to offset a continued decline in First-Class Mail, leading to a $3.3 billion quarterly loss for the United States Postal Service, compared to a loss of $290 million in the same quarter a year earlier.First-Class Mail...
Integra Telecom Inc. on Thursday said Jesse Selnick has been named the company?s new chief financial officer.Selnick joins the Portland-based business telecommunication services company from the Blackstone Group L.P., where he was a managing director of t...
Mayor Sam Adams' proposal to steer more of the city's money to small banks and credit unions is generating an overwhelmingly positive response, including from Occupy Portland.Last Friday, the mayor posted a draft proposal to steer $250,000 ? the insurable...
Just how much money do Oregon's biggest universities spend on athletics?My colleague Jason Bolton at the Memphis Business Journal has the answers. Bolton has put together a sortable database using Equality in Athletics statistics from the U.S. Department ...
Bob's Red Mill has hired John McComick as its new finance chief. He replaces CFO John Wagner, who is retiring.McCormick, whose title will be executive vice president of finance & general counsel, has been the Milwaukie-based whole grain foods producer's o...
British Olympians under contract with Nike who medal at the 2012 games could end up on the dais barefoot to avoid breaching their Nike deals.As The Telegraph of London reports, the British Olympic Association has signed a deal with Adidas that requires it...
A bill that would expedite trimming down middle management in state government is on its way to the Joint Ways and Means Committee.As the Statesman Journal reports, the measure would force some state agencies to reduce their employee-to-supervisor ratio b...
The pace of Portland's jobs recovery landed the city No. 82 on a list of the top 100 major metropolitan areas.According to an On Numbers analysis compiled by the Business Journal, Portland had 876,400 private-sector jobs in 2008. The estimated average for...
The U.S. government is set to announce Thursday the finalized version of a $25 billion foreclosure settlement with five of the nation's, and Oregon's, largest lenders.As the New York Times reports, more than two million Americans could benefit from relief...
Boeing Co. said that recent discoveries of problems with the aft fuselage section of some 787s won't have a "significant impact" on 787 production.As Bloomberg reports, Boeing (NYSE: BA) officials also said there is no "immediate safety issue." The 787's ...
Some Alaska Airlines passengers and flyers at Portland International Airport,will soon be able to take advantage of a new Transportation Security Administration program that will speed up the airport screening process.As Fox Business News reports, the TSA...
The mutual fund giant Vanguard is likely now the biggest investor in StanCorp Financial Group Inc., Oregon's third-largest public company.Valley Forge, Penn.-based Vanguard owns 5.45 percent of Portland-based StanCorp's outstanding shares, according to a ...
As TriMet officials grapple with a $17 million-plus budget hole, their money troubles could get worse in coming months.The Portland region?s public transportation agency is awaiting results of Congressional talks that could prevent at least part of $40 mi...
TriQuint Semiconductor Corp. on Thursday reported a steep drop in both fourth quarter sales and profits, though annual revenue increased for the sixth straight year.The Hillsboro-based maker of radio frequency chips used in mobile devices and telecommunic...
Trillium Artisans, a nonprofit that opened a temporary downtown store for the holidays, is making its relationship permanent.Trillium has leased a permanent space at 318 S.W. Taylor St. and will relocate its Southeast Foster Road operation to downtown.Tri...
Cascade Microtech on Wednesday reported record revenue for the fourth quarter.The Beaverton-based company (NASDAQ: CSCD), a manufacturer of probing systems used to test semiconductors, reported net income of $1.4 million, or 10 cent per share, on revenue ...
Wednesday was another slow trading day on Wall Street.The Dow Jones Industrial Average closed up 5.75 points to 12,883, the NASDAQ closed up 11.78 points to 2,915 and the S&P 500 closed up 2.91 points to 1,349.The Davidson 99, which measures stocks in sev...
FEI Co. on Wednesday said it reached new all-time records for fourth quarter sales and earnings per share, ending what CEO Don Kania called a ?transformational year.?The Hillsboro-based maker of electron microscopes (NASDAQ: FEIC) grew fourth quarter sale...
The Portland Development Commission Board of Directors voted unanimously Wednesday to approve a $1,155,000 grant designed to ensure that Iberdrola Renewables will keep its U.S. headquarters in Portland.The grant will be used for various tenant improvement...
The University of Oregon will take control of 550 acres of Salinas Valley farmland worth an estimated $5 million.The land was donated to the university by alumni Alan and Jean Pedersen of Monterey, Calif. Half the proceeds will go to the Museum of Natural...
Xerox Corp. on Wednesday is laying off workers at its Wilsonville campus as part of a previously announced corporate restructuring.Erin Isselmann, a spokeswoman in Wilsonville for the Norwalk, Conn.-based company (NYSE: XRX), declined to say the exact num...
Bend Research Inc. said Wednesday it has entered into a licensing agreement with drug-maker Eli Lilly and Company.The deal calls for Bend Research, which employs more than 240 people, to make its proprietary spray-dried dispersion technology available to ...
While Oregon state economists have revised the state?s budget downward, lawmakers believe the adjustment is small enough that the state can easily absorb the hit.The state on Wednesday revised its revenue forecast lower by $35.1 million for the 2011-13 bi...
After months of speculation, discount retailer Target is moving into Portland's downtown Galleria mall.As the Oregonian reports, the retailer has signed a lease and construction is underway.As the Business Journal reported in January, the Galleria store w...
Vestas reported a worse-than-expected loss of $220.3 million for 2011, as the world's biggest wind turbine maker continued to show signs of distress.As Recharge reports, just hours before reporting the loss, chief financial office Henrik Nřrremark quit th...
The California Teachers' Retirement Systems sent a letter to Facebook Inc. this week pushing for it to expand its board to add women.As the Silicon Valley / San Jose Business Journal reports, the social networking giant has seven directors now, none of th...
In a bid to reassure international authorities about its proposed $12.5 billion acquisition of Motorola Mobility Holdings Inc., Google is sending letters promising to offer reasonable access to patents it holds.As the Silicon Valley / San Jose Business Jo...
Boeing Co. could achieve a 56 percent market share by 2021 in terms of value of commercial aircraft sales ... if a lot of things that could go wrong, don?t.As the Puget Sound Business Journal reports, this was a prediction made by Teal Group analyst Richa...
Fannie Mae, which began a pilot program in Orlando, San Diego and Detroit in 2010 to take offers for Fannie Mae-owned houses online, is expanding the online program nationwide.As the Washington Business Journal reports, through its HomePath program, real ...
A new report projects that cleanup of the Portland Harbor Superfund site could cost as much as $2.2 billion.The report, commissioned by three of the harbor?s largest companies, also projected that as many as 9,000 workers could lose their jobs if the gove...
In a bid to move toward a policy solution for last spring's wind-vs.-water controversy, the Bonneville Power Administration offered Tuesday to pay Northwest wind power generators when wind farm shutdowns are required during high river flows.The proposal, ...
Jive Software Inc. posted its first quarterly report as a public company Tuesday showing a 53 percent increase in fourth quarter sales.But the Palo Alto, Calif.-based social media software company?s (NASDAQ: JIVE) losses continue to expand.Jive lost $12.7...
Investors appear to be waiting for news of a Greek bailout before moving their money on Wall Street. That may be the reason behind what was a lackluster day of trading.The Dow Jones Industrial Average closed up 33.07 points to 12,878, the NASDAQ closed up...
An online auction for the U.S. Custom House is extended to Wednesday after bidding for the historic Portland office building hit $2 million Tuesday.The U.S. General Services Administration set a deadline of shortly after midnight Wednesday after receiving...
Planar Systems Inc. on Tuesday said first quarter sales grew 14 percent on continued demand for its video wall technology, though its losses continue to grow.The Beaverton-based developer of digital display technology (NASDAQ: PLNR) posted a loss of $3.2 ...
The Clackamas Community College Foundation has received a record $1.8 million gift from the trust fund of mutual fund pioneer Jerry Inskeep.The money will create an endowment for scholarships. It came from the IFC family trust, which was established by In...
Portland-based Rentrak Corp. (NASDAQ: RENT) reported its most recent quarterly revenue fell slightly over the same period in 2011.The media measurement company?s consolidated revenues were $22.2 million for the 2012 fiscal year?s third quarter, compared t...
Nike Inc. on Tuesday said it has formed a partnership with a Dutch company that has developed a way to dye textiles without using water.Netherlands-based DyeCoo Textile Systems Inc. has developed what the Washington County sporting goods giant (NYSE: NKE)...
Six Portland neighborhoods have agreed to become part of a mini urban renewal program that seeks to enhance area businesses.The Neighborhood Prosperity Initiative will work with businesses on, in or along:Northeast 42nd Avenue between Prescott and Killing...
Vigor Industrial LLC has increased its portfolio of Pacific Northwest maritime services providers.The Portland-based ship builder has acquired ship repair provider Alaska Ship & Drydock, located in Ketchikan, Ala. for an undisclosed amount. The deal must ...
Gains in the manufacturing and services sectors helped to lift Oregon's economy in December.The University of Oregon's Index of Economic Indicators gained 0.7 percent, pulling the index to 89.4, its highest level since July. The report, a measure of econo...
A prominent Southern Oregon developer has filed for bankruptcy for both himself and a popular golf community he constructed near Medford.Arthur Critchell ?Cris? Galpin sought protection from creditors for Eagle Point Development LLC by filing under Chapte...
Geoff Hollister was one of Nike's earliest employees and is credited with helping to create the culture of running that exists in Oregon today.As the Register Guard in Eugene reports, Hollister opened the first Nike store ? the company was known as Blue R...
The Oregon Legislature's first-ever short session won't be short on bills to consider.As the Statesman Journal reports, Monday was the deadline for committees to post their agendas and of the 279 bills vying for attention, 127 are set to receive a public ...
Portland's private sector added 13,000 new jobs in 2011, bringing total sector employment to 830,700.According to an On Numbers analysis compiled by the Business Journal, that ranked Portland No. 18 among the nation's largest 100 metro areas.The city didn...
A customer survey reportedly done by Best Buy on possible price and features for a TV from Apple Inc. has fanned speculation that such a device might come this year.As the Silicon Valley / San Jose Business Journal reports, the survey, according to a repo...
Microsoft ranks No. 4 on a list of the top stocks owned by members of Congress, ahead of Apple Inc., according to a report by The Center for Responsive Politics.As the Puget Sound Business Journal reports, stock ownership by members of Congress has been a...
Japan Airlines said a production glitch with the Boeing Co. 787 will mean it won't get its first Dreamliner airplane this month.As Reuters reports, JAL, which has ordered 35 Boeing (NYSE: BA) 787 airplanes, was unsure whether it will receive the four 787s...
The Chronicle of Philanthropy reported Monday that Microsoft co-founder Paul Allen was the third-most generous donor in America last year, and the most generous one still alive.As the Puget Sound Business Journal reports, this is Allen?s 10th year on the ...
Stock ownership by members of Congress has been an issue recently after several media reports that were critical of what some viewed as politicians capitalizing on inside information about the financial crisis, including a featured report on CBS news prog...
Portland Mayor Sam Adams wants to steer more of the city's money to credit unions and small community banks.Late Friday, Adams posted the Responsible Banking Resolution on his website. The proposal would amend the city's investment policy to allow the cit...
A spike in bus traffic fueled a record year for Woodburn Company Stores, one of Oregon?s more popular tourist destinations.The outlet mall in Woodburn said 2011 brought a record 4.4 million shoppers. Sales increased six percent over 2010.The outlet center...
Be it Super Bowl hangovers or general malaise, Wall Street is off to sluggish start.The Dow Jones Industrial Average lost 18 points Monday, a 0.13 percent drop, to close at 12,844. Nasdaq lost 3.67 points, closing at 2,901. The Standard & Poors 500 was of...
Online video site Hulu tallied viewer votes from Sunday's Super Bowl and said that the best-liked spots tapped into popular old movies "Star Wars" and "Ferris Bueller's Day Off."A Volkswagen spot that featured a group of dogs barking out a theme from Star...
The Semiconductor Industry Association (SIA) said Monday that worldwide semiconductor sales hit a record $299.5 billion for 2011, or a year-on-year increase of 0.4 percent from $298.3 billion in 2010.The Washington, D.C.-based group represents U.S. leader...
The Oregon Department of Consumer and Business Services' Insurance Division is launching a series of webinars and virtual town hall meetings about key insurance topics.Through the webinars and virtual town hall meetings, viewers can phone in to participat...
Portland startup ShopIgniter is built on the notion that social networks such as Facebook are the next great e-commerce platform.It?s attracted $11 million from investors compelled by the potential of its software, which helps retailers integrate social m...
One of Portland?s most-noted banking attorneys is stepping back from his practice.Ken Roberts, the namesake of the Roberts Kaplan firm which folded its office into Lane Powell PC in late 2010, said Monday he?s moved into the firm?s senior attorney role. W...
Multiple Sclerosis is a terrible disease that has directly touched my life in two meaningful ways.? A close friend passed away from MS at the young age of 33. She was a single mom with two kids.? Growing up, my good buddy?s mom had MS. I watched as the di...
Wieden+Kennedy enjoyed another solid Super Bowl ad performance.The company produced four spots for the game. Three of them featured the now-familiar polar bears peddling Coke, the other, in a way, reprised W+K?s much lauded 2011 rah-rah Detroit ad for Chr...
Portland ranked 13th in the U.S. for home price appreciation in the latest take on the U.S. residential market.Truckee, Calif.-based Clear Capital, a real estate research firm, ranked Portland at No. 13 for an 0.6 point increase in its January home price ...
Starbucks Corp.'s growth plans in Asia will be led by an executive who says that keeping and grooming talented employees is a key to Asian success.The Wall Street Journal interviewed Jinlong Wang, who's in charge of the Seattle coffee company's (NASDAQ: S...
Manufacturing errors have been found in some Boeing Co. 787s but Boeing officials say there are no short-term safety concerns.The Seattle Times reports Boeing (NYSE: BA) has discovered problems in the plastic-composite aft fuselage section in some 787s th...
Typhoon! Restaurants Inc. closed its remaining five restaurants Saturday, with President Bo Kline saying she was unable to continue running the business following the death of her husband.Steve Kline died in August after having a heart attack."As many in ...
Now that the Giants have won the Super Bowl comes the real burning question: What will they be wearing next year to defend the title?Though I?m far from a fashionista, I do carry the self-proclaimed title of ?jersey nerd,? so I?m more than pleased to be s...
Mercy Corps Northwest thinks it may have found a way to help renters profit when property values rise in their neighborhoods.Mercy Corps Northwest, the domestic arm of Portland-based Mercy Corps International, is teaming with Rose Community Development to...
Concordia University has received a $1.5 million gift from Dr. Robert and Virginia Hilken that will go towards a new $7.5 million athletic complex.The complex will be named the Hilken Community Stadium. A grand opening is scheduled for Saturday, March 3, ...
Micron Technology Inc. said its CEO Steve Appleton, 51, was killed in a small plane accident on Friday morning.The Boise-based company (NASDAQ:MU) makes advanced semiconductor technology.The company issue a statement: "Our hearts go out to his wife, Dalyn...
Erickson Air-Crane?s initial public offering, which was expected next week, has been postponed, according to IPO advisory firm Renaissance Capital.Greenwich, Conn.-based Renaissance ? which serves as an advisory firm on IPOs and also tracks the market ? s...
Oregon will receive $6 million in federal funds that state officials say will help add forest management jobs.The money comes from an Agriculture Department initiative called Increasing the Pace of Restoration and Job Creation on Our National Forests. The...
Portland?s city bureaus have submitted proposed budgets that offer glimpses as to what might happen if they?re directed to cut between 4 percent and 8 percent this year.Portland?s City Council will use the budgets as they recommend ways the city could dea...
The Portland Business Journal's top law firms list didn?t change a whole heck of a lot over last year?s rankings.But in the areas the list did change, the moves were cataclysmic.Bullivant Houser Bailey PC experienced a big drop, falling from seventh to 14...
News that the unemployment rate declined last month ? the 5th consecutive month of declines ? sent stocks soaring.The Dow Jones Industrial Average ended the week up 156.82 points to close at 12,862, the NASDAQ closed up 45.98 points to 2,905 and the S&P 5...
LaCrosse Footwear Inc. on Thursday reported a 16 percent drop in fourth quarter revenue, in part due to reduced demand from the U.S. military.The Portland-based boot-maker (NASDAQ: BOOT) reported a profit of $2.2 million, or 33 cents per share, on $43.8 m...
Portland-based knife brand Leatherman Tool Group Inc. this week named Kris Hamper as the company's new chief financial officer.Hamper will provide financial guidance for both the Leatherman operations in Portland and the LED Lenser flashlight brand, which...
Bidding for the Portland Custom House will close at 9 a.m. Feb. 7 unless a new bid is received before then.The high bid for the historic office building on Portland?s North Park Blocks currently stands at $1.7 million with six active bidders expressing in...
Keith Thomajan takes over as president of United Way of the Columbia-Willamette on Monday.The former head of Camp Fire Columbia will succeed interim CEO Jay Bloom.United Way has been without a permanent leader since former president Marc Levy abruptly res...
Stoel Rives tops the Business Journal's list of top Portland law firms, with 149 local attorneys.Schwabe Williamson & Wyatt clocked in at No. 2 with 121 local attorneys. You can get a peak at the top-10 firms below and subscribers can view the complete li...
The Portland area's 3,550 lawyers are paid $102,020 on average each year.According to an On Numbers analysis compiled by the Business Journal, that makes lawyers the second-highest paid legal professionals in Portland. Judges, magistrate judges and magist...
A fear for Facebook as it heads towards an historic initial public offering is that people will grow tired of posting pictures, playing games and connecting on the social network.As the Silicon Valley / San Jose Business Journal reports, a study released ...
Struggling Indian air carrier Air India is moving closer to buying 27 Boeing Co. 787 airplanes, with delivery of the first Everett-built plane expected later this month.As Bloomberg reports, a group of Indian ministers is expected to approve the purchase,...
Apple Inc. reported $46.33 billion in revenue and a record $13.06 billion in profit in the fourth quarter, while Amazon.com Inc. reported $17.4 billion in revenue and a profit of $177 million. Is it fair to compare the two companies' performances?As TechC...
Weyerhaeuser beat analysts' fourth-quarter estimates, reporting earnings of $65 million, or 12 cents per share, well above predictions of earnings of 6 cents per share.As the Puget Sound Business Journal reports, Weyerhaeuser reported net sales of $1.6 bi...
A new report credits the Affordable Care Act with saving Oregon Medicare recipients $23.5 million in prescription health care costs.The report from the Department of Health and Human Services found that 44,877 Oregon residents with Medicare saved $524 eac...
Health insurance premiums in Oregon continued to rise in 2011 but at a slower rate than in recent years.According to the Department of Consumer and Business Services annual report on Health Insurance in Oregon, the average premium for individuals and empl...
Columbia Sportswear Co. ended the strongest year in its history with a 40 percent increase in fourth-quarter profits on record-high sales.The Washington County-based outdoor footwear and apparel company (NASDAQ: COLM) marked its second straight year of do...
With green building becoming mainstream, the next big thing for the industry is in the realm of net-zero: buildings that produce all the energy they need.Pike Research released a report this week indicating that net-zero construction will become a $1.3 tr...
Jobless claims fell today, but the news didn't do much to jolt the market.The Dow Jones Industrial Average closed down 9.38 points to 12,707, the NASDAQ closed up 11.41 points to 2,859 and the S&P 500 closed up 1.45 points.The Davidson 99, which measures ...
The colorful Dragonfish Asian Café Restaurant and Bar has closed at the Paramount Hotel, 909 S.W. Park Ave., an apparent victim of the economic slump.The Dragonfish restaurant is being renovated and will reopen in three weeks as Tasting East.Andrew Tinlin...
The membership of the Oregon City Masons has elected to sell its lodge, reportedly the oldest Masonic Lodge west of the Missouri River.Scott Elliott and Todd Collins of Macadam Forbes listed Multnomah Lodge #1, 707 Main St., at $875,000.The 29,700-square-...
Deborah Kane, former Ecotrust vice president and founder of the group's FoodHub initiative, was named today head of the U.S. Department of Agriculture's Farm-to-School initiative.Kane, who oversaw the food and farms program at Ecotrust, left the nonproft ...
Iberdrola Renewables, the nation?s second-largest wind energy developer, on Thursday said it will keep its U.S. headquarters in Portland for the next 10 years.Contributing to the company?s decision was Portland Development Commission?s offer of a $1,155,0...
A former Portland executive will lead the U.S. merchandising efforts of Staples Inc.Mike Edwards, late of Lucy Activewear, has been named executive vice president for U.S. retail merchandising for the Framingham, Mass.-based office supplier (Nasdaq: SPLS)...
The latest take on Portland area home prices shows a year-end decline of 2.4 percent in December from a year earlier.That's according to figures released Thursday by CoreLogic Inc., a Santa Ana, Calif.-based real estate research firm.The decline was less ...
CHS Inc. and Cargill Inc. said Wednesday they are expanding their joint venture Temco to include other Pacific Northwest export assets owned by the Minnesota companies.The companies said Temco now will include its Tacoma, Wash., facility along with an exp...
The agencies and individuals who will likely be most affected by state budget cuts became clearer on Wednesday, the opening day of the Oregon Legislature's short sesssion.As the Statesman Journal reports, a budget-rebalancing plan calls for shutting the s...
Development loans and weak commercial lending continued to hamper Riverview Bancorp's performance in the fourth quarter.As The Columbian reports, the Vancouver-based bank lost $16.6 million in the quarter and increased its reserve for loan losses by $8.1 ...
The highest-paid salespeople in Portland work in wholesale and manufacturing, and technical and scientific products.The average annual salary for salespeople in that group is $104,980.According to an On Numbers analysis compiled by the Business Journal, r...
When Starbucks Corp. decided to hike its prices in China by about 32 cents per drink, its Chinese customers didn't take the price increases silently.As the Wall Street Journal reports, Chinese customers, who now pay about $4.20 for a small latte, took to ...
Microsoft Corp. is laying off 200 employees in its marketing division, with the cuts mainly coming in the Seattle area.As the Seattle Times reports, the restructuring of the marketing department represents about 3 percent of Microsoft's (NASDAQ: MSFT) tot...
Autographed Tom Brady jerseys for $1,120? How about a football signed by Eli Manning for $549? Those are now up for sale at Amazon.com Inc.'s new sports collectible store.As the Puget Sound Business Journal reports, the online retailing giant said the new...
Facebook Inc. CEO Mark Zuckerberg may dominate ownership of the soon-to-be public social network. But other early executives and venture capital investors are set to win big as well.As the Silicon Valley / San Jose Business Journal reports, some of those ...
Facebook Inc. filed for a $5 billion initial public offering Wednesday, saying it plans to use the ticker symbol FB.The world's biggest social networking company said in the filing that its annual revenue in 2011 was $3.71 billion, up from $1.97 billion i...
A Portland-based attorney and former state representative plans to run for Lake Oswego mayor.Greg Macpherson, a Stoel Rives LLP employee benefits specialist, will seek the post held by Jack Hoffman. Hoffman, a Dunn Carney Allen Higgins & Tongue LLP land u...
Facebook filed plans for its initial public offering Wednesday and the market reacted positively.The Dow Jones Industrial Average closed up 83.55 points to 12,716, the NASDAQ closed up 34.43 points to 2,848 and the S&P 500 closed up 11.68 points to 1,324....
Even if she hadn?t won last night?s First District special Congressional election, Suzanne Bonamici at least came out of the campaign with a newfound love for her region.?It?s a very diverse district. It?s very vibrant,? said Bonamici, a Democrat from Bea...
Portland's biggest investment bank is now packing a much bigger punch.D.A. Davidson & Co. has acquired Costa Mesa, Calif.-based McGladrey Capital Markets LLC.The deal doubles the size of Davidson's Lake Oswego-based investment bank, which is the most acti...
EthicsPoint Inc., a Lake Oswego-based maker of compliance and risk management software with around 200 local employees, has been acquired by a private equity firm and will be merged with two of its rivals.The Riverside Co., a private equity firm with head...
Oregon's community hospitals generated 59,580 full- and part-time jobs and 69,700 so-called secondary jobs in 2010. That accounts for about 5.9 percent of the state's total employment, according to an economic impact study conducted by ECONorthwest for th...
The OSPIRG Foundation has landed a three-year contract to provide analysis on insurance company rate hikes.The Department of Consumer and Business Services awarded OSPIRG the $315,000 contract after a competitive bidding process.As part of its contract, O...
Skincare technology firm ANSR: has named Spencer Brown CEO.ANSR: is a privately held Portland-based company that develops and markets light-based skincare technology.Brown, a well known angel investor and former CEO of the advertising firm Euro RSCG DRTV ...
NFL Hall of Famer Ronnie Lott has sold Mercedes Benz of Medford for an undisclosed price.Lott, a former star with the San Francisco 49ers, sold the dealership to Ron Heller and Bill Bird, according to a press release issued by MD Johnson Inc., which advis...
Oregon Attorney General John Kroger on Wednesday announced that the state has signed onto a multi-state settlement over mishandled foreclosures.The approximately $25 billion settlement with leading Oregon lenders Bank of America, Wells Fargo, JP Morgan Ch...
Democrat Suzanne Bonamici is on her way to Washington.As the Portland Business Journal reports, Bonamici defeated Republican Rob Cornilles by about 15 percentage points in the First District race to replace Rep. David Wu, who resigned last year.
When it comes to company management, Whole Foods co-CEO Walter Robb likes to take a hands-on approach. When your company is based on food, who wouldn't?As Sustainable Business Oregon reports, Robb was in North Carolina for a Wake Forest University panel o...
An effort is on to get a hearing for legislation supporting the legal formation of Benefit Corporations in Oregon during the Legislature's short session, which begins Wednesday.As Sustainable Business Oregon reports, the legislation would provide a legal ...
Intel Corp. continues to hold the No. 1 spot for green power purchasing, according to a new ranking released Tuesday by the U.S. Environmental Protection Agency.As Sustainable Business Oregon reports, Oregon State University also made the EPA list.
President Barack Obama is turning his attention to small businesses and entrepreneurs in a tax-break proposal he will include in his 2013 budget.As Reuters reports, the plan calls for eliminating capital gains for investments in small businesses and an ex...
Facebook Inc. will reportedly file for a $5 billion initial public offering Wednesday with Morgan Stanley as its banking lead.As the Silicon Valley / San Jose Business Journal reports, Reuters is citing unnamed sources as saying that the world's biggest s...
