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BofA agrees to $315 million settlement in mortgage investment case

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Tuesday, December 06, 2011

thelatestBank of America has agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit.

 

Inside Facebook's Prineville data center

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Thursday, December 01, 2011

thelatestWeb giants like Google and Amazon are notoriously secretive about what goes on inside of their data centers. Meanwhile, Facebook "open sourced" the designs for its Prineville data center and its custom-built servers. So just what does go on inside of those mysterious computing facilities?

 

Downtown Portland gets new name: Pioneer District

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Wednesday, November 30, 2011

thelatestPortland's downtown retail core is getting a new name: Pioneer District. Can simple rebranding help Portland's retail outlook?

 

Lariviere: It's time to repair the damage

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Tuesday, November 29, 2011

imo-blogThe state Board of Higher Education voted unanimously to dismiss UO president Richard Lariviere in 30 days, six months before his contract expires. Now, says the Register-Guard, it’s time to repair the damage.

 

Occupy protesters plan Black Friday demonstrations

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Wednesday, November 23, 2011
thelatestOccupy Wall Street protesters plan demonstrations nationwide on Black Friday. Some want shoppers to spend their money locally, while some don't want people to shop at all.
 

Groupon takes a major hit

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Tuesday, November 22, 2011

thelatestA broader market downturn has hit tech stocks this week, but newly public startups like Groupon were hit especially hard. Some economists say this could indicate renewed dot-com bubble concerns.

 

Occupy Portland joins nationwide N17 protests

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Thursday, November 17, 2011

thelatestOccupy Portland demonstrators joined other Occupy movements across the nation in N17 protests. They plan to occupy banks and other financial institutions.

 

Governor looks for new prison chief

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Wednesday, November 16, 2011

thelatestThe leader of Oregon's prison system is stepping down at the end of the year to become president of the nonprofit Oregon Community Foundation, prompting Gov. John Kitzhaber to conduct a fast-track search for a new corrections chief.

 

SeaPort Airlines gets Jackson nod

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Tuesday, November 15, 2011

thelatestThe Airport Authority in Jackson, Tenn., supports Portland-based SeaPort Airlines in its bid to provide commercial passenger flights at McKellar-Sipes Regional Airport.

 

Annual summit expands to 2 days

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Thursday, November 10, 2011
thelatestThe 9th annual Oregon Leadership Summit will spill over to a second day for the first time to address specifically health care and education reform, two issues that have been central to the state’s business leadership in the past few years.
 

City closing down Occupy Portland Sunday

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The Latest
Thursday, November 10, 2011

thelatestPortland is temporarily closing Lownsdale and Chapman Squares to the public, the site where Occupy Portland demonstrators have been camped out for more than a month. At 12:01 a.m. Sunday Nov. 13, all people and property in the squares will be subject to enforcement of local laws, according to Portland Mayor Sam Adams.

 

Thanksgiving dinner cost up 13 percent

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Thursday, November 10, 2011

thelatestThe average cost of a traditional Thanksgiving dinner is up 13% this year compared to last year.

 

Washington privatizes liquor sales

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Wednesday, November 09, 2011

thelatestWashington voters approved a plan to privatize liquor sales, ending state rules that have been in place since Prohibition. It was the costliest initiative campaign in state history. Could Oregon follow suit?

 

Toyota profits slide 19%

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Tuesday, November 08, 2011

thelatestToyota Motor Corp. reported a 19% drop in profit due to parts shortages from Japan's March earthquake and tsunami, as well as the yen's rapid appreciation against the dollar.

 

Groupon shares jump 50%

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Friday, November 04, 2011

thelatestGroupon shares jumped more than 50% to almost $31 in its public debut Friday, showing strong demand for a company whose business model is considered unsustainable by some analysts.

 

Jobless claims fall

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Thursday, November 03, 2011

thelatestNew claims for unemployment benefits fell to the lowest level in five weeks, a hopeful sign for the still-weak job market.

 

Senators offer Postal Service rescue plan

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Wednesday, November 02, 2011

thelatestA bipartisan group of senators have a proposal to save the U.S. Postal Service. The plan includes cutting Saturday service, buying out 100,000 jobs and closing many branches.

 

Stores get head start on Black Friday

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The Latest
Monday, October 31, 2011

thelatestMacy's Inc. and Target Corp. announced plans to open some stores at midnight on Thanksgiving, getting the earliest start to the holiday shopping season ever. With analysts predicting only modest sales gains, the season is likely to be highly competitive for store chains.

 

Big banks backing off fees

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Friday, October 28, 2011

thelatestA month after Bank of America dealt with the wrath of customers for announcing new debit card fees, J.P. Morgan Chase & Co. decided not to charge similar fees.

 

Condit Dam breached

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Thursday, October 27, 2011

thelatestCrews blasted a hole in the nearly century-old Condit Dam in Washington's south Cascades in order to restore habitat for endangered and threatened fish. The dam once produced enough power for 7,000 homes, but PacifiCorp decided to remove the dam instead of install expensive fish passage structures.

 

Obama unveils new student loan payment rules

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Wednesday, October 26, 2011

thelatestPresident Barack Obama announced a plan to let Americans consolidate and reduce interest rates on their student loans. The latest in a string of plans to improve the economy could affect up to 1.6 million students.

 
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