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• Taiwan flat-panel display makers seek China orders 1/15/2009, 8:18 p.m. PST
• Sequels to iconic CEOs rarely as good as original 1/15/2009, 7:02 p.m. PST
• House Democrats propose $825 billion stimulus bill 1/15/2009, 6:26 p.m. PST
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NOTICIAS DE NEGOCIO
• Bank of America estaría por recibir más ayuda pública 1/15/2009, 8:07 p.m. PST
• Fernández: Argentina tuvo récord de exportaciones en 2008 1/15/2009, 3:57 p.m. PST
• Crudo baja ante desempleo en EEUU y menor demanda en OPEP 1/15/2009, 3:13 p.m. PST
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Wyden, Merkley split votes on financial rescue
by
Charles Pope. The Oregonian
Thursday January 15, 2009, 3:31 PM
WASHINGTON -- Oregon's Democratic senators Ron Wyden and Jeff Merkley were on opposite sides of a major economic issue Thursday as Wyden voted to deny the federal government $350 billion to help stabilize a tottering economy while Merkley voted for it.
The division came as the Senate considered a Republican-sponsored resolution to deny releasing the second half of the $700 billion rescue package approved last fall. The Troubled Asset Relief Program, or TARP, has come under withering criticism by lawmakers from both parties who said the money was misspent and failed to achieve its primary purpose -- helping homeowners avoid foreclosure.
Continue reading "Wyden, Merkley split votes on financial rescue" »Feds grant $1.9 million to help laid-off Hynix workers
by
Mike Rogoway, The Oregonian
Thursday January 15, 2009, 2:05 PM
The U.S. Department of Labor said today that it has issued a $1.9 million grant to assist 651 employees laid off from Hynix Semiconductor's memory chip factory in Eugene.
Continue reading "Feds grant $1.9 million to help laid-off Hynix workers" »Intel profits slide, company uncertain about outlook
by
Mike Rogoway, The Oregonian
Thursday January 15, 2009, 1:33 PM
Intel was narrowly profitable in the fourth quarter of last year, according to financial results issued this afternoon, and the company said all it knows about the immediate future is that profits will continue to shrink.
"The economy and the industry are in the process of resetting to a new baseline from which growth will resume," Paul Otellini, Intel's chief executive, said in a written statement. "While the environment is uncertain, our fundamental business strategies are more focused than ever."
Continue reading "Intel profits slide, company uncertain about outlook" »Update: Plaid Pantry pulling snacks in salmonella outbreak
by
Lynne Terry, The Oregonian
Thursday January 15, 2009, 1:24 PM
Portland-area Plaid Pantry stores began pulling a popular peanut butter snack off their shelves on Thursday as the list of people sickened in a nationwide salmonella outbreak grew longer.
"We are sending out a memo tonight," said Tim Cote, vice president of marketing for the Beaverton-based company, which has 95 stores in Oregon and four in Washington.
Continue reading "Update: Plaid Pantry pulling snacks in salmonella outbreak" »An Oregon connex for Apple's temporary (?) chief
by
The Silicon Forest Blog
Thursday January 15, 2009, 12:59 PM
Didja know that when he's not the new Fake Steve Jobs, that Tim Cook sits on Nike's board?
I didn't.
Continue reading "An Oregon connex for Apple's temporary (?) chief" »Feds deny appeals of LNG terminal
by
Ted Sickinger
Thursday January 15, 2009, 10:54 AM
Gov. Ted Kulongoski said he intends to challenge in federal court Thursday's decision by federal energy regulators to uphold their approval of the Bradwood Landing liquefied natural gas terminal, proposed for 20 miles east of Astoria on the Columbia River.
At its last regular meeting before the change in presidential administration, the The Federal Energy Regulatory Commission denied requests to rehear its controversial approval of the terminal project.
Continue reading "Feds deny appeals of LNG terminal" »Columbia River toxins at unacceptable levels, EPA says
by Scott Learn, The Oregonian
Thursday January 15, 2009, 10:44 AM
The U.S. Environmental Protection Agency issued its first comprehensive report on toxic pollution in the Columbia River this morning, concluding that river contamination poses an "unacceptable risk" to people, fish and wildlife.
The EPA report, years in the making, compiled existing information on four contaminants. Decades after it was banned, the pesticide DDT is still showing up at levels harmful to humans in fish near agricultural areas throughout the basin, the report says.
Oregon's first tech layoffs of '09
by The Silicon Forest Blog
Thursday January 15, 2009, 10:40 AM
Xerox confirmed this morning what I'd been hearing last night -- that its job cuts have begun.
The news could have been worse. Xerox's cuts fell comparatively lightly on Wilsonville (3 percent there, vs. 5 percent companywide). That's little consolation, of course, for the close to 50 employees who are going to lose their jobs.
Continue reading "Oregon's first tech layoffs of '09" »Xerox job cuts under way in Wilsonville
by Mike Rogoway, The Oregonian
Thursday January 15, 2009, 10:07 AM
Xerox has begun laying off employees in Wilsonville and at other U.S. sites this morning, part of a plan to cut 3,000 jobs companywide that Xerox announced last October.
At its Wilsonville campus, the company plans to eliminate roughly 50 jobs over the next two weeks from a work force that currently numbers 1,550. That's a little more than 3 percent of its Wilsonville jobs, smaller than the 5 percent cuts Xerox targeted overall.
"These are across the board as far as types of position," said Xerox spokesman Bill McKee, speaking from the company's Rochester, N.Y. headquarters.
Continue reading "Xerox job cuts under way in Wilsonville" »Portland home prices tumble 16 percent from peak
by Ryan Frank, The Oregonian
Thursday January 15, 2009, 9:41 AM
The global financial crisis and sagging consumer confidence continued to slam the Portland-area housing market in December when home prices tumbled back to December 2005 levels, according to a report released today.
The Regional Multiple Listing Service report, a closely watched measure of the Portland market, shows that the median price for homes sold in December fell to $252,900. That's a 16 percent drop from the August 2007 peak of $302,000.
Continue reading "Portland home prices tumble 16 percent from peak" »Thursday business news in NW papers
by The Oregonian
Thursday January 15, 2009, 9:37 AM
Timber funds may aid victims of recession [The (Eugene) Register-Guard]
Is Salem a tourist draw? Absolutely, bureau says [The (Salem) Statesman Journal]
Port of Tacoma might scale back terminal [The (Tacoma) News Tribune]
Foreclosure numbers for Puget Sound region climbing faster [The Seattle Times]
Washington State's economy had bleak year [The Seattle Post-Intelligencer]
Stocks extend declines as bank worries persist
by The Associated Press
Thursday January 15, 2009, 8:46 AM
NEW YORK -- News that Bank of America Corp. needs another government cash infusion sent stocks sliding today as investors feared that the banking crisis of last fall may have returned.
Continue reading "Stocks extend declines as bank worries persist" »
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