Wells Fargo profit rises 20 percent
Wells Fargo’s fourth-quarter earnings rose 20%, but revenue declined as the bank coped with a sluggish economic recovery.
Vestas slashes jobs
Renewable energy industry woes hit Vestas this week, and the wind turbine maker plans 2,335 layoffs.
Oregon universities get $3.5M to study sustainability
Three Oregon universities won a $3.5 million federal grant to work with the University of Utah on sustainable transportation.
Sequential Biofuels expands
Oregon-based Sequential Biofuels opened a second station in Eugene, adding jobs.
Oregon cranberry yields up
Oregon’s 2011 cranberry crop resulted in high yields and prices.
Budget shortfall delays computer upgrade
The Oregon Department of Revenue’s planned $92 million computer upgrade is on hold because the state can’t afford the $13 million in startup costs.
Power plants are Oregon’s biggest polluters
Electric power plants are Oregon’s largest source of greenhouse gas emissions.
Springfield business grew out of economic downturn
A new downtown Springfield retailer grew out of the recession and aims to help people still recovering from the downturn.
Foreclosure filings fall to lowest level since 2007
Foreclosure filings fell 34% nationwide in 2011, to their lowest level since 2007.
Making the case for Portland’s global cred
Saskia Sassen first coined the term “global city” in her book The Global City, published in 1991. She defined a global city as one that tangibly influences world affairs in terms of politics, culture, and various socio-economic means. John Jay, global creative director for Wieden + Kennedy, says that Portland is coming of age as a global city. Oregon Business web editor Emma Hall explores what that means.