Timeline charts three decades of change

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Articles - January 2011
Thursday, December 16, 2010

2001

TriMet opens Red Line MAX service to the airport, the first train-to-plane transit service on the West Coast

Cascade Grain Products breaks ground on a $230 million ethanol plant in Port Westward

2002

Vestas Wind Systems relocates its North American headquarters to Portland

Measure 26 raises the minimum wage to $6.90 and ties it to the consumer price index

Air China Cargo announces non-stop cargo service from PDX

2003

Voodoo Donuts opens its first store in downtown Portland

Portland Mortgage Co. is sold to Illinois-based United Financial Mortgage Corp.

Nike acquires Converse for $305 million

2004

Linus Torvalds, chief  architect of Linux open-source software, moves to Portland from California

Oregon Arena Corp., owner of the Rose Garden Arena, files for bankruptcy

2005

Intel partners with Apple to power Mac computers

Tillamook Creamery announces ban on artificial growth hormones for its dairy cows

Oregon Lottery adds line of video gaming machines

2006

Lottery revenues top $1 billion

Meier & Frank is acquired by Macy’s parent company, Federated Department Stores

Portland General Electric begins trading on the NYSE, marking the end of Enron’s ownership

Sacramento-based Lifeline Development Group announces plans to build the largest wind farm in the Columbia River Gorge, the 32,100-acre Shepherds Flat Wind Farm

London-based Lion Capital acquires Kettle Foods for a reported $300 million

2007

Tektronix is sold to Danaher Corp. for $2.8 billion

Swedish home-furnishing giant IKEA opens first Oregon store

Nike opens 12,000-square-foot flagship store in Beijing

Oregon Steel is purchased by Russian conglomerate Evraz for $2.3 billion

Freightliner announces layoffs of close to 800 employees

The Oregon Legislature greatly expands the Business Energy Tax Credit

2008

Widmer Bros. Brewing merges with Redhook Ale to create Craft Brewers Alliance

Hewlett-Packard builds a 500-employee call center in Beaverton

Precision Castparts becomes the second Oregon Fortune 500 company after Nike

Plummeting demand for steel drops Schnitzer Steel stock from $111.35 a share to $16.61

JP Morgan Chase acquires Washington Mutual for $1.9 billion

University of Oregon signs a $67 million deal with Oregon Sports Network and sports marketing company IMG Communications

14,100 jobs are lost in September, the worst monthly decline since 1981

2009

NOAA picks Newport for its Pacific operations center

Oregon timber harvest reaches its lowest levels since the Depression

Oregon unemployment reaches 11.6%, the highest rate in the state since the 1980s

G.I. Joe’s sporting goods chain files for Chapter 11 bankruptcy

Cascade Grain’s ethanol plant in Clatskanie files for bankruptcy

Portland-based LAIKA Entertainment releases its first feature-length movie, Coraline, which goes on to gross $120 million worldwide

Portland Timbers announces it will become the 18th Major League Soccer franchise in 2011

Oregon becomes the 7th state to legalize growing and processing industrial hemp

2010

Hollywood Video declares bankruptcy, closes all stores

San Francisco-based pharmaceutical Genentech builds a $400 million fill/finish and distribution plant in Hillsboro

Umpqua Holdings Corporation takes over Nevada Security Bank and California-based Silverado Bank

Intel announces multi-billion-dollar plans to build a new fab plant and retrofit two plants in Hillsboro

FDIC seizes Columbia River Bank, the fourth and largest bank in Oregon to fail

The failed Sunwest Management completes sale of 132 senior living facilities




 

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