Intel closing Massachusetts factory
Intel is closing Fab 176 in Hudson, Mass., and laying off 700 workers.
Entire Colorado town evacuating
CNN: Help has arrived for Lyons, the small town cut off by flooding in Colorado.
In Silicon Valley, connections matter
Reuters: The notion that anyone with smarts, drive and a great idea can raise money and start a company is a central tenet of the Valley’s ethos.
Retail sales slow
Back-to-school shopping didn’t help retail sales in August, as spending rose just 0.3%, the smallest gain in four months.
Umpqua Bank acquires Sterling Bank for $2B
Portland-based Umpqua Holdings is buying Spokane-based Sterling Financial in a $2 billion deal.
Portland getting new $20M social impact fund
A $20 million social impact fund known as Northwest Social Venture Fund is set to launch in Portland this fall.
Portlanders embracing suburbs
As home sales are improving, the highest prices are still being paid for homes in the suburbs of Portland, including Washington County, Lake Oswego and West Linn.
Oregon researchers work on HIV vaccine
Oregon Health and Science University researchers used a vaccine to cure 50% of monkeys infected with a cousin of the HIV virus.
Oregon students’ test scores fall
Fewer Oregon schools met state benchmarks on standardized tests last year, with students struggling on math, writing and science at every grade level.
New Portland crematorium angers neighbors
Residents of Portland’s Montavilla neighborhood are unhappy about a new crematorium in their area.