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Oregon Business News
Oregon Business News and Local Stories.
Oregon Remains in Contention for the Only Remaining Semiconductor Research Center
Oregon may have lost out to New York and California in its bid for a semiconductor technology center funded by the CHIPS Act of 2022 but remains in contention for the prototype and packaging hub.
Over the last two days, the Biden…
Fred Meyer & QFC Agreement Reached With Oregon Workers: Union Approves New Contract
After months of negotiations, workers at grocery chains Fred Meyer and QFC in Oregon and southwest Washington ratified a three-year contract that covers wage increases, stronger health care coverage and dental benefits, and retirement…
1,035 Oregonians Face Job Losses When Wells Fargo Withdraws from Three State Locations
UPDATE: Wells Fargo Lays Off More Than 700 Oregon Employees
Wells Fargo is pulling out of its three Oregon Global Operations business branches, placing the jobs of 1,035 employees in jeopardy. The bank has announced that it will…
Amazon’s Eastern Oregon Data Centers To Run On Nuclear Energy
Amazon announced last week that it had reached an agreement with several energy companies to develop and build small modular nuclear reactors (SMRs) to add to the energy mix in its data centers along the Columbia River in Umatilla and…
Karen Lynch, CEO Of CVS Health, Departs Amidst Tough Year For Druggist Chain
Investors in the drugstore and health insurance mammoth, CVS Health, saw share prices fall by 19% this year and the company expects the trend to continue. CEO Karen Lynch has now stepped aside in the context of this and several other…
Tesla’s ‘Full Self-Driving’ Under Investigation By Federal Agency
Vehicle manufacturer Tesla’s “Full Self-Driving” system has come under the spotlight as the National Highway Traffic Safety Administration (NHTSA) investigates reports of Tesla crashes in low-visibility conditions, including one that killed…
“Oregon Rebate” Measure 118 Could Turn Out To Be A Financial Burden
UPDATE: Fierce Opposition to Oregon Measure 118 at the Polls Defeats Attempts to Establish a Basic Income Program
Measure 118, the controversial measure on the Oregon ballot on November 5 and named the “Oregon Rebate” by proponents,…
1,300 Intel Layoffs Planned At Hillsboro Campus
After posting a loss in excess of $1 billion in August, the chipmaker Intel said on Tuesday that 1,300 Oregon workers will receive notice this week that they will lose their jobs next month. The layoffs are one of the biggest rounds in…
eBay Renews Downtown Portland Lease Despite Industry’s Remote Work Trend
The commercial office lease of online marketplace eBay in downtown Portland has been renewed, suggesting that the remote working trend among Oregon software companies may not be on the cards for company workers.
eBay Portland…
Agriculturists Could Hamper Oregon’s Bid to Become a High-Tech Industry Research Hub
Semiconductors do not need A-Class prime farmland to thrive is the nutshell reaction of agriculturalists opposed to the incorporation of 373 acres of farmland into the Portland urban growth boundary to allow for the establishment of a…