Walmart to open in Lake Oswego and West Linn by 2013
Walmart plans to open two new stores in Lake Oswego and West Linn by early 2013.
Condit Dam breached
Crews 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.
TriMet facing major budget gap
TriMet predicted it may be facing a $12 million to $17 million budget shortfall next year.
Umpqua Bank profits increase
Umpqua Holdings Corp. profits more than doubled in the third quarter compared to a year ago.
Oregon sees one of nation’s steepest increases in unemployment claims
The number of Americans seeking unemployment benefits dipped slightly last week, but increased in Oregon by 416.
Troutdale could get new gas plant
Development Partners Group LLC proposes to build a $850 million gas plant in Troutdale, competing with PGE to keep rates low for customers of Oregon’s regulated utilities.
TriQuint shares sink
TriQuint Semiconductor forecast another down quarter, and stock fell more than 11%.
Facebook wary of Oregon tax misunderstanding
Facebook is angry with the Oregon Department of Revenue after a misunderstanding over the department’s assessment of the value of Facebook’s Prineville data center.
Blumenauer calls for end of direct farm subsidies
Rep. Earl Blumenauer is calling for an end to direct subsidies for farmers, which would save $3 billion each year.
Student population growth in Corvallis leads to changes
Enrollment at Oregon State University is growing rapidly, and the city doesn’t have enough available housing.