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Oregon Business News
Oregon Business News and Local Stories.
Whistleblowers Claim Oregon Aerospace Company Falsified Records of Poorly Finished Parts for F-35…
Two former employees at the aerospace company Selmet Inc. in Albany, Oregon, claim that records were falsified and parts poorly finished to meet production quotas and deadlines for U.S. military F35 fighter jets in a federal suit filed in…
Oregon Seafood Company Disputes Lawsuit by Former Employee Claiming to be a Whistleblower
The Portland-based Pacific Seafood Company is disputing a claim in a $2.25 million lawsuit that it falsified the weight of catches bought from shrimp boats, illegally pocketing between an additional $10-to-$20 million.
The lawsuit was…
OHSU & Legacy Health Merger Plans Await State Approval
Over a year after the merger between Oregon Health & Science University (OHSU) and Legacy Health was made public, merger plans were submitted to health officials for regulatory review on Thursday. The process is likely to take several…
NEW CEO Has the ‘Swagger and Skills’ for Nike to Regain Market Share Stature
Nike employees who are overjoyed by the appointment of former employee Elliott Hill as CEO, believe he has the ‘swagger and skills’ needed for the sportswear company to regain its market share stature.
Elliott Hill Replaces…
AI is Giving People Superpowers, Ashland Summit-Goers are Told
ASHLAND, Ore — ‘AI is giving people superpowers’ 150 attendees were told at a recent three-day summit in Ashland highlighting how artificial intelligence can help solve issues facing local communities.
AI Has Helped Solve…
Nike’s New CEO Elliot Hill To Take The Reigns As Company Pins Hopes On Growth
Following a downward run of the company’s stock, Nike’s Thursday announcement that company veteran, Elliott Hill will replace John Donahoe as CEO elicited a marked increase on the stock exchange and cheers from insiders.
Nike…
Oregon Governor Makes Move to Attract Semiconductor Research Hub into State Boundaries
Oregon Governor Tina Kotek has honed in on a parcel of 373 acres of farmland north of Hillsboro for the planned expansion of the urban growth boundary giving the state a chance of attracting a semiconductor research hub worth nearly $1…
Oregon Has Second Highest Number Of Remote Workers In US
Federal data indicates that after the pandemic, thousands of Oregon workers returned to their offices last year. However, the number of people working remotely for at least part of the time last year was twice as high as before the…
No Smooth Sailing in Sight for Nike for the Next Few Quarters
UPDATE: Nike’s New CEO Elliot Hill To Take The Reigns As Company Pins Hopes On Growth
It is not going to be smooth sailing for Nike for the next few quarters, but CEO John Donahue is upbeat about the success of the company’s…
U.S. Bank Departure from the Big Pink Skyscraper is Indicative of Portland Urban Decay
PORTLAND, Ore — The decision by U.S. Bank not to renew its lease in the Big Pink skyscraper is another blow as urban decay erodes downtown Portland.
Yesterday, the bank told its employees that it will be vacating the 222,000 square feet…