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Morning Roundup: Boeing reconsiders 747; Jaguar Land Rover incubator expands

Boeing may stop producing 747s, and Jaguar Land Rover is expanding its incubator program.


 OREGON NEWS

Boeing may cease production of the iconic 747 jet as a result of continued reduced sales. The 747 was first utilized in the 1970s for long distance travel. The 1,500th jet was delivered in 2014. If discontinued, USA Today reports outstanding orders would continue for the next few years, including two orders to replace the Air Force One fleet. While the 747s are produced in Everett, Wash., Portland's facility is responsible for Boeing's 737, 767 and 787 models. Gresham's facility makes specializd metals for use in all of the 7-series planes.

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Jaguar Land Rover announced yesterday it broke ground on a 20,000-square-foot expansion to its Northwest Portland research center. Once open, 30 engineers will be hired to work with the in-house incubator program. The incubator opened last year. Read more from the Oregonian.

— This year the Oregon State Fairgrounds will feature something a little different. The Oregon Cannabis Grower's Fair will judge more than 100 growers and vendors from Aug. 13 to Aug. 15. Nine plants will be selected as winners, and earn a display at the Oregon State Fair from Aug. 26 to Sept. 5. The Statesman Journal has more.

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— Opponents and supporters of the Owyhee Canyonlands national monument have increased their lobbying activity lately. Doctors and health care workers made a push in favor with legislators, while opponents ran a television ad during the Democratic National Convention to make their point. Read more about the latest battle from the Bend Bulletin.

— Cannon Beach is considering suspending short-term rentals, which many locals oppse. Residents argue if changes are made, the rules should instead be made more lenient to encourage vacation rentals in the coastal city. Housing shortages are already an issue, so much so that businesses have started supplying housing for employees. The Daily Astorian has more.

NATIONAL NEWS

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— Just two months ago, Microsoft announced it would cut 1,850 jobs in the smartphone division. Last year, 7,400 jobs were cut. The tech giant announced this morning an additional 2,850 workers will face the chopping block. Cuts will continue the smartphone hardware sector and the global sales unit. The smartphone segment was purchased from Nokia in 2014, which Fortune reports has continuously caused Microsoft trouble. 

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— Amazon's profits rose 31% in the last year, making CEO Jeff Bezos now the world's third richest person. Bezos owns 18% of Amazon's shares, which spiked 50% since February. a 2% spike yesterday added $2.6 billion to his $66.5 billion total value. Read more from Forbes.

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