U.S. economy still needs help
The U.S. economy grew at only 1.7% in the April-June quarter.
July news updates
BY EMMA HALL | OREGON BUSINESS WEB EDITOR
From departed politicians to controversial wolves, it’s time to update some recent Oregon Business stories.
Congressional Democrats clash with Obama over Larry Summers
Washington Post: Some congressional Democrats expressed opposition to former treasury secretary Lawrence Summers replacing Ben Bernanke as Federal Reserve chairman prompting President Obama to defend him.
Unemployment up in 90 percent of U.S. cities
CBS: Unemployment rates rose in 90% of U.S. cities in June as new college graduates began searching for jobs.
Japan resumes Oregon wheat imports
Japan agreed to resume importing Oregon soft white wheat two months after genetically modified wheat was found in an Eastern Oregon field.
UO football moves into new facility
University of Oregon’s football moved into its new Phil Knight-funded $68 million 145,000 square-foot facility this week.
Liquor privatization campaign arises again in Oregon
An initiative campaign to privatize liquor sales could arise again in Oregon, grocery store lobbyists say.
Pacific Cargo Services sold in bankruptcy auction
Troutdale-based Pacific Cargo Services was auctioned off in bankruptcy, leaving Washington and Oregon workers without weeks of pay.
Chirpify raises $4M
Portland social media startup Chirpify raised an additional $4 million in backing from investors with ties to the NBA and record label Interscope.
CRAiLAR lands $3.5M in debentures
Portland natural fiber goods maker CRAiLAR Technologies is close to getting $3.5 million in subordinated convertible debentures.