Business & Economy
Latest in Business & Economy
TriMet Cuts Night Bus Service and Eliminates 68 Positions Amid $300 Million Budget Shortfall
To address a projected $300M shortfall between revenue and expenditure over the next several years, TriMet is implementing changes, including $17.7 million in cuts that…
PacifiCorp Reaches $150 Million Settlement With Over 1,400 Oregon Wildfire Victims
PacifiCorp confirmed yesterday that it has reached a $150 million settlement with 1,434 plaintiffs related to the 2020 Labor Day Fires.
Oregon Secures Landmark Settlement Forcing Greystar to Halt Algorithm Driven Rent Pricing
A nine-state coalition, including Oregon, proposed a $7 million settlement to resolve claims against Greystar Management Services LLC, the largest landlord in the United…
Providence Oregon Cuts 150 Jobs After $255 Million Operating Loss
Amid workforce challenges and regulatory pressures, Providence, Oregon, announced that 150 positions, mostly non-clinical roles, across its acute care ministries…
Intel Announces 669 More Oregon Layoffs as Workforce Cuts Surpass 3,000 Despite Massive Tax Breaks
Intel, one of Oregon's biggest employers, announced Thursday that another 669 employees will be laid off from its facilities in Hillsboro and Aloha before the end of the…
Small Business Survey Ranks Oregon’s Most Reliable Cities for On-Time Payments
In three Oregon cities — Salem, Eugene, and Portland — a handshake still counts. The cities were named Oregon’s most trustworthy in a national survey of small business…
Portland General Electric Blocks Service Disconnections for Thousands Affected by Federal Shutdown
Portland General Electric (PGE) announced yesterday that it will temporarily expand holds on service disconnections for Income-Qualified Bill Discount recipients and…
Legacy Health Blames ‘Unbearable’ Costs as It Prepares Major Clinic Closures in Oregon and Washington
Legacy Health indicated that several of its clinics and programs in Oregon and Washington will be closed due to significant financial pressures, including rising labor…
