Electric car battery maker ReVolt comes to Portland
Norwegian electric car battery maker ReVolt is moving its headquarters to Portland after receiving $6.8 million in loans and tax credits.
PECI to lease top 3 floors of First & Main
Nonprofit energy firm Portland Energy Conservation Inc. is set to finalize a lease for the top three floors of the prominent new office building First & Main in downtown Portland.
Suze Orman wants reverse mortgage firm to stop using her likeness
Popular financial advice author Suze Orman wants EquiPoint to stop using her implied endorsement in mailings to Oregon seniors.
Oregon farmers are aging faster than the national average
The average age of Oregon’s farmers and ranchers is rising faster than the national average, which concerns the Oregon Department of Agriculture.
ShoreBank Pacific stronger after merger
Ilwaco-based community bank ShoreBank Pacific is set to be a stronger institution after being acquired by OneCalifornia Bank.
Oregon running out of time to use recovery bonds
Oregon is rushing statewide to use recovery bonds intended to stimulate the building industry before the Dec. 31 deadline.
Jobs Watch: The revenue forecast calls for pain
The state’s new revenue forecast is out, and the findings are not pretty: nine consecutive quarters (and counting) of year-over-year job loss, surprisingly poor numbers in the professional services, financial and retail sectors and looming public sector cuts as backlash spreads over government spending. Housing starts are down, retail sales are sluggish and consumer confidence is understandably low. The Oregon job market is not expected to improve significantly until the fourth quarter of 2011.
Short-sale fraud increases
Short sales have more than tripled since 2008, which is leading to an increase in short-sale fraud that hurts lenders.
Umpqua resumes dairy production after salmonella outbreak
Umpqua Dairy resumes milk production after being re-certified following a salmonella outbreak.
Icahn raises Mentor Graphics stake to almost 15%
Investor Carl Icahn raises his stake in Mentor Graphics to almost 15%, the level that would trigger the company’s poison pill shareholder rights plan.