From the Wires

Damage from Northern California quake could reach $1B

ABC News: According to EQECAT, a company that studies catastrophe risk, the damage estimate is expected to rise because the Napa Valley wine harvest has already begun.

Yellen says job market hampered

Reuters: U.S. labor markets remain hampered by the effects of the Great Recession, the federal reserve chairwoman said.

Gap goes to India

BBC: The clothing store Gap is bringing its brand to India with the aim of opening 40 outlets.

Federal directive threatens Oregon health reforms

The federal agency that holds the purse strings for care of Oregon Health Plan members recently  criticized the state's system for distributing money to regional coordinated care organizations.

Massive drydock to arrive this weekend

A $40 million floating drydock will arrive at the Columbia River this weekend, carrying components that will be assembled and put to work  by Vigor Industrial.

Ashland "bait bike" stolen three times in one day

Police said Thursday that they'd arrested three people in three different incidents of bike theft over the previous 24 hours.

Trimet awards GlobeSherpa mobile app contract

The contract is part of the transit agencies switch to electronic fares, the Portland high tech company announced Thursday.

Tiny houses to serve as affordable housing

Homes of roughly 200 square feet could be quickly and cheaply built to house homeless and low-income residents in Portland.

Bank of America agrees to $17B settlement

USAToday. The settlement is the largest in history between the federal government and a single company.

Family Dollar rejects bid from Dollar General

CNN: Family Dollar says it's sticking with an agreement to merge with Dollar Tree for less money.

U.S. dollar hits nine-month high against euro

Reuters: The U.S. dollar hit nine-month highs against the euro and rose against a basket of major currencies after strong U.S. housing data bolstered expectations for an earlier-than-expected rate hike from the Federal Reserve.

Demand for tablets declines

WSJ: Apple said unit sales on the iPad—the best-selling tablet on the market—fell for a second straight quarter.

U.S. housing market improving

Reuters: Groundbreaking for new housing jumped 15.7% last month to a seasonally adjusted 1.09-million unit annual pace, the highest level since November.