Business - Page 14

Paul Allen’s estate reaches formal agreement to sell Portland Trail Blazers to Tom Dundon

Business
The announcement confirms news of the deal that was first reported in August. The sale price was not disclosed, but was previously reported to...

Former Mars chocolate employee from Connecticut admits stealing $28 million from company

Business
Paul Steed, 58, of Stamford, pleaded guilty Thursday to fraud and tax offenses he committed while defrauding the chocolate company out of millions of...

Portland architect says red tape and fees are still putting up barriers to housing development

Business
John Holmes wants to build the kind of affordable housing that the city of Portland needs. But it's a slow and arduous process that...

Laika announces film collaboration with Obamas, Lucy Liu

Business
The film, "Audition", is a "twisty thriller" that former President Obama included in his summer reading list. PORTLAND, Ore. — This story comes...

Oregon’s only active international container terminal will continue to operate after new deal approved

Business
Harbor Industrial is expected to take over container operations at the terminal by Dec. 31. PORTLAND, Ore. — The Port of Portland announced...

Portland student’s Lego design inspired by Italian coast hits store shelves: ‘Always been a dream of mine’

Business
After a three-years-long process, Alex Sahli’s nearly 3,300-piece Italian Riviera village creation is now being sold worldwide through Lego Ideas. PORTLAND, Oregon —...

Oregon’s Salmon River Hatchery closure raises questions for anglers, local businesses

Business
Citing rising costs for maintenance and lack of funding, the Salmon River hatchery will be closing over the next several years. OTIS, Oregon...

Teachers sue over Trump’s immigration crackdown, saying students are dropping out of school

Business
Joining the lawsuit, filed in Eugene by a farmworker union and churches, are educators from a Beaverton preschool where agents detained a dad dropping...

Trader Joe’s announces more new stores coming soon, including Gresham location in Oregon

Business
The grocery store chain, which is known for its viral and seasonal items, has announced plans to open several new stores across 19 states...

Here’s why gas prices in Oregon climbed this week

Business
The state's average for regular unleaded gasoline climbed to about $4.14, which is a 16 cent jump from the previous week, according to AAA....

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