Morning Roundup: Whistleblower sues Wells Fargo; Oracle on blast

Here are a few headlines that grabbed our attention this morning:

Housing whistleblower. Last month, Wells Fargo paid a record $1.2 billion to settle a U.S. Department of Justice lawsuit claiming the bank had for years engaged in reckless lending practices and attempted to defraud government insurance programs. Now Wells Fargo is facing a lawsuit filed by a Damascus man. The former employee claims Wells Fargo has been collecting on mortgage loans without documentation, the discovery of which caused his termination. Read more from Law360.

Angel and VC Investors: Due Diligence Needs to Be a Two-Way Street

For a startup to stay in business, one of two things has to happen.  Either the company has to generate a profit, or the company needs to find someone willing to fund its losses.  The most important job of the CEO of any startup is to make sure that at least one of these two … Read more

Oregon’s Fiscal Flow

It’s widely recognized that there are two Oregons: one centered on the Portland metropolitan area and another composed of the state’s smaller cities and rural areas.

Ebb and flow

 A weekly list of new hires, fires and promotions, as well as retail and restaurant openings and closings:

Revolving Door

Northwest Environmental Business Council Executive Director Robert Grott has announced his intention to step down in 2016 after a decade leading the organization.

Morning roundup: Pot pendulum in Deschutes; Austin weirder than Portland?

Get a jump on the news with our compilation of local and national headlines: Pot in action. Repealing a ban imposed just five months earlier,  Deschutes County commissioners voted to allow sales of recreational and medical marijuana. The repeal ordiance, however, may not go into effect untli September, leaving purveyors in unincorporated Deschutes County out … Read more

The Slabtown revival

Portland’s skyline is rapidly changing as a rush of tech companies moves in and apartment buildings spring up all over the city. One neighborhood that stands out for its recent transformation is historic Slabtown. The district in Portland’s northwest has gone through a revival in the past couple of years. It stills retains some of its historical past as a center of traditional industries, but it is developing a very modern character as service sector businesses move in and loft apartments go up.

Editor’s note: Welcome to OB’s new enews

Welcome to our new and improved enewsletter!  On behalf of OB staff, I am pleased to bring you our revamped daily news update featuring a boost in original content and a clean, modern and easy-to-read design. The goal is to provide both a snapshot of the day’s top news stories and exclusive OB coverage of the people, … Read more

Morning roundup: Nike gets greener, software reaches cannabis industry, Patriot Movement surges

Here are a few headlines that grabbed our attention this morning: Nike ambition. The Beaverton-based athletic giant has announced a lofty goal for the company’s future. Nike plans to halve its environmental impact by 2020, while simultaneously reducing the number of factories manufacturing product. Read the Footwear news story here.  A budding industry. Law firms, … Read more