Hillsboro Downtown Business Association dissolved
The Hillsboro Downtown Business Association is now out of commission, and the organization owes $96,000 to the Internal Revenue Service.
High-speed rail inches forward
Twenty years after the Pacific Northwest was designated a high-speed rail corridor, Oregon begins planning a Eugene-to-Portland high-speed rail project.
Fitch: debt-limit delay imperils U.S. credit rating
Los Angeles Times: A failure by Congress to raise the debt limit “in a timely manner” could lead to a downgrade of the nation’s AAA credit rating, Fitch Ratings said Tuesday.
Behind Lance Armstrong’s decision to talk
Wall Street Journal: This week, Lance Armstrong is launching a public campaign to restore his image. In an interview with Oprah Winfrey taped Monday and scheduled for broadcast Thursday, Armstrong admitted to using performance-enhancing drugs.
Coca-Cola to air anti-obesity commercials
Reuters: The two-minute commercial highlights the company’s efforts in fighting obesity, as the soft drink industry faces increasing pressure from local governments and critics.
UPS, TNT deal falls apart
Washington Post: The United Parcel Service walked away from its $6.9 billion takeover of the struggling TNT Express NV.
John McAfee in Portland
The controversial software entrepreneur John McAfee is in Portland to collaborate on a graphic novel about his life.
Janrain confirms $33M venture round
Portland-based Janrain confirmed that it raised $33 million in new investment, one of the biggest Oregon venture capital rounds ever.
Nike considered Austin and Vancouver
Before settling on Oregon for a major expansion, Nike considered Vancouver and Austin.
Portland Meadows faces uncertain future
Portland Meadows’ latest season saw an influx of new customers by changing its racing season from winter weekdays to summer weekends, but it failed to revive the track.