Mentor Graphics tops sales forecast
Mentor Graphics topped its sales and profit forecast and remains on track to have its first $1 billion year.
High Five
Oregon revenue forecast down $106.8M
Oregon’s state revenues dropped another $106.8 million, yet economists think the chances of another recession are lessening.
Real estate heirs locked in a bitter feud
Heirs of influential Portland real estate developer Tom Moyer are in a bitter feud over his granddaughter Vanessa Sturgeon’s handling of the business empire.
Oregon jobless rate remains steady
Oregon’s jobless rate remained at 9.5% in October, compared to 9.6% in September. This is still a half point above the national average of 9% in October.
Portland pop-up shops kick off holiday season
Portland’s downtown pop-up shop program that pairs local artists with vacant storefront space is in its third year.
Kitzhaber calls for renewable energy tax credit extension
Gov. John Kitzhaber joined a coalition of governors asking Congress to extend the Renewable Energy Production Tax Credit for at least four years.
Starbucks moving Tazo Tea from Portland to Kent, Wash.
Starbucks Corp. is moving Tazo Tea from Portland to Kent, Wash. as part of an effort to consolidate manufacturing facilities.
Intel backs Urban Airship
Intel established a $100 million “AppUp Fund” to invest in mobile companies, including push notification startup Urban Airship.
Reser’s Fine Foods buys Orval Kent
Beaverton-based Reser’s Fine Foods bought competitor Orval Kent, the company’s second acquisition in two months.
Brammo wins Popular Science award
Brammo Inc. won a “Best of What’s New” award from Popular Science magazine for the Empulse electric sport motorcycle.