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|Tuesday, January 10, 2012|
Demand for Portland-based Schnitzer Steel's recycled metals fells sharply in October due to fears of a global recession.
Tamara Lundgren said exports resumed the next month but at much lower prices, hurting results for Schnitzer’s fiscal 2012 first quarter. Net income for the quarter that ended Nov. 30 fell from $17.8 million, or 64 cents a share, to $7 million, or 25 cents a share, compared with the same period a year before.
Overall, Schnitzer's first-quarter sales rose 20 percent, from $675 million to $812 million. Analysts polled by Thomson Reuters most recently forecast revenue of $790 million.
Lundgren told stock analysts the October suspension in buying was highly unusual, reminiscent of customer uncertainties in the fall of 2008. But this time, she said, Schnitzer didn’t see the contract cancellations and credit contraction that occurred during the recession. She dismissed the latest downturn as temporary.
Read more at OregonLive.com.
Wednesday, June 03, 2015
As part of our green workplaces story, Oregon Business checked out a community service project undertaken by Portland Youth Builders, a nonprofit alternative high school. In partnership with Whole Foods, PYB built garden boxes for a Home Forward housing site. Home Forward is a government agency that provides housing for low income residents and people with disabilities.
Monday, June 22, 2015
The Clean Fuels/gas tax trade off will go down in history as another disjointed, on-again off-again approach to city and state lawmaking.
Friday, May 22, 2015
BY LINDA BAKER | PHOTOS BY JASON E. KAPLAN
As the recession recedes and tourism grows, Central Oregon resorts redefine themselves for a new generation.
Tuesday, May 26, 2015
BY JASON E. KAPLAN | STAFF PHOTOGRAPHER
New Jersey and Oregon are the only two states in the U.S. that ban self serve gas stations. But these two holdouts may be ready to give up the game. New Jersey is considering legislation that would lift the state's ban on pumping your own gas. Oregon is considering smaller scale changes.
Thursday, June 11, 2015
In 2014, total revenue for camping and day use in Oregon State Parks was a little more than $17 million. That figure may even higher this year "because we've had exceptionally nice weather," Hughes says.
Wednesday, May 27, 2015
PHOTOS BY JASON E. KAPLAN
Oregon Business celebrated the 100 Best Green Workplaces with an awards luncheon yesterday at the Nines Hotel in downtown Portland.
Wednesday, June 10, 2015
Jeff Lang and his wife Rae used to dole out campaign checks like candy. “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”
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