Naturally Advanced signs 10-year Hanes deal
Hanesbrands Inc. signed a 10-year supply agreement with Naturally Advanced Technologies Inc. to buy the company’s flax-based fiber.
High Five
Eugene printer buys Ad Pro
Eugene-based Shelton Turnbull Printers purchased Ad Pro Northwest, its second acquisition in less than a year.
Truitt Bros. to lay off 100 employees
Truitt Bros. Inc. will lay off about 100 employees at its Salem food packing plant by the end of April.
NuScale lays off most employees
Corvallis-based NuScale Power will lay off most of its remaining 70 employees today.
Nike profits up, stocks down
Nike posted a 7% increase in profit, to $523 million, during its fiscal third quarter, yet its stock has dropped nearly 9.5 percent.
Japan crisis will hurt ON Semiconductor revenue
ON Semiconductor said its six factories in Japan made it through the earthquake with minimal damage, but infrastructure problems will disrupt operations.
Eugene-Springfield home prices reach new low
The median price of houses sold in the Eugene-Springfield area dropped to $159,100 in February, the lowest since 2004.
Stash, Tazo founder runs artisan tea shop
Steven Smith Teamaker is an artisan tea shop in Northwest Portland, the third tea venture of Stash and Tazo founder Steven Smith.
Sustainable biz incubator names first clients
The Sustainable Valley Technology Group in Southern Oregon named the first five clients for its new business incubator in Medford.
Portland bike share company in running for NYC contract
Portland-based Alta Bicycle Share is one of two companies in the running to receive a $200 million contract from New York City DOT.