The Latest

Groupon takes a major hit

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

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

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

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

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

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

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

Washington privatizes liquor sales

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%

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%

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

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

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

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

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

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

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.

Home prices climbing in half of U.S., but not in Portland

thelatestHome prices climbed in August in half of major U.S. cities, a sign that prices are beginning to stabilize. However, prices remained stagnant in Portland. 

Wikileaks suspends operations

thelatestWikileaks has suspended operations after many U.S.-based financial institutions blocked donors from giving money to the organization. Founder Julian Assange says it may have to shut down permanently.

Chinese solar companies dispute SolarWorld's complaint

thelatestChinese solar manufacturers say that SolarWorld's U.S. trade complaint is one-sided.

Oregon unemployment stuck at 9.6 percent

thelatestOregon unemployment remained stuck at 9.6% in September as state and local governments cut jobs.

The seven biggest economic lies

imo-blogThe President’s Jobs Bill doesn’t have a chance in Congress — and the Occupiers on Wall Street and elsewhere can’t become a national movement for a more equitable society – unless more Americans know the truth about the economy, says Robert Reich, Chancellor's Professor of Public Policy at the University of California at Berkeley.