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Oregon Business News
Oregon Business News and Local Stories.
Nike and NFL Cement Partnership for a Further 10 Years Through to 2038
Nike has announced that its contract with the NFL has been extended for another 10 years, taking it through to 2038.
Collaboration Described as Strong and Successful
Nike's President and CEO, Elliott Hill, described the…
Oregon Judge Blocks Kroger’s $24.6 Billion Albertsons Deal
A court action brought by the Federal Trade Commission (FTC) with the states of Oregon, Arizona, California, Illinois, Maryland, Nevada, New Mexico, Wyoming, and the District of Columbia against Kroger company and Albertsons companies…
Recycling Program Will Hold Oregon Waste Packaging Businesses Accountable
Oregon will launch a recycling program in July that will make businesses financially accountable for the packaging waste they produce.
Regulations will dictate what materials will be accepted in recycling bins and how much it will cost…
Wells Fargo Lays Off More Than 700 Oregon Employees
Wells Fargo yesterday announced that it is laying off more than 700 Oregon employees.
Affects Workers in Hillsboro and Salem
The decision will cost the jobs of 500 employees in Hillsboro and a further 221 in Salem.
The…
Microchip Production Will Shift to Oregon and Colorado After Closing Arizona Plant
Microchip Technology said on Monday that it will close its factory in Tempe, Arizona, next year. The microchips that were made in the Tempe facility will now be produced at the company’s plants in Oregon and Colorado.
The shutdown in…
Intel CEO Pat Gelsinger Departs Amidst Challenges To Turnaround Plan
Intel CEO Pat Gelsinger announced his resignation on December 1 following a board meeting last week. According to a report from Reuters, the board of directors felt the ambitious plan to turn Intel around was not working, and the change was…
Intel Will Receive $7.9 Billion in Federal Funding to Expand Facilities in Oregon and Elsewhere
The chips are falling into place for Intel following yesterday’s announcement by the Commerce Department that the semiconductor manufacturer will receive the first $1 billion of CHIPS Act funding before the end of the year.
Intel will…
Oregon-based Lattice Semiconductors Mulling Purchase Of Intel’s Altera
Oregon-based Lattice Semiconductors is exploring a bid to buy part of Altera, Intel's programmable chip business. Bloomberg reported that the Hillsboro firm, Lattice, is seeking a private equity backer.
Offer Being Considered for…
PacifiCorp Workers Must Return Full-Time to the Portland Headquarters
Employees of the electric utility, PacifiCorp, can no longer work from home.
They have been instructed to work permanently from the company’s Northeast Portland headquarters from January 6.
Many PacifiCorp workers opted to work…
Trump’s Planned Increased Tariffs is Impacting Two Major Oregon Sportswear Companies
Donald Trump’s plan to increase tariffs by more than 60% on goods imported from China is already impacting two of Oregon’s major sportswear corporations, Nike and Columbia, the North American headquarters of Adidas.
The incumbent…