FedEx indicted for delivering illegal prescription drugs
Bloomberg: The U.S. Department of Justice is charging the shipping giant for delivering drugs for illegal online pharmacies.
The Nines Hotel sold
Maryland-based Pebblebook Hotel Trust acquired the downtown Portland hotel for $127 million.
Oregon sues 5-Hour Energy over ad claims
State Attorney General Ellen Rosenblum has sued companies responsible for the popular energy drink, alleging they engaged in deceptive advertising.
Andersen Construction opens Eugene office
The Portland-based construction manager and general contractor has opened an office in Lane County.
Daimler Trucks breaks ground on new HQ
Portland-based Daimler Trucks North America will begin construction on its new $150 million Swan Island headquarters.
Linear Technology eyes expansion in Camas
The California-based chipmaker is nearing a decision to build a second computer-chip factory in Clark County.
Tom “Mike” Anderson, shareholder at Geffen Mesher, passes away
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Microsoft to cut 18,000 jobs
Reuters: Microsoft Corp. will slash 14% of its workforce; it will lay off 1,350 employees in the Seattle area.
Profits surge at Morgan Stanley
NYT: The bank posted profit of $1.3 billion, or 60 cents per share, on $8.5 billion in revenue, up 46% from Q2 of 2013.
Urban Airship names two new VPs
Mark Baker will take over as vice president of global sales and Steve Serba was named “vice president of customer success.”