Economy, Business, Finance, and Labor

Economy and business news

Kevin Lee / BCFMWU

Unlucky crewmembers stranded on two big container ships of the bankrupt Hanjin line won't be home for Christmas, but that didn't mean the Christmas spirit bypassed them this week. The ships are being held indefinitely in the vicinity of Victoria at the behest of creditors.

Chris Lehman / Northwest News Network

Oregon's agency devoted to economic development should provide more transparency about how its incentives are being used. That's one of the findings of an audit of Business Oregon released Monday by the Oregon Secretary of State's office.

Alaska Airlines

The proposed takeover by Alaska Airlines of its West Coast rival Virgin America has cleared its biggest hurdle. The U.S. Justice Department on Tuesday approved the $2.6 billion merger with conditions.

Home prices in the Seattle and Portland metro areas are rising faster than anywhere else in the country right now -- about twice as fast as the national average.

Two Prominent Oregon Business Groups Announce Merger

Nov 17, 2016
Chris Lehman / Northwest News Network

The two largest business lobbying groups in Oregon will merge next year. The organizations say the move will give business interests a more unified voice at the state Capitol.

Washington Employment Security Department

Washington state employers added 20,000 jobs on a seasonally adjusted basis last month according to the latest numbers out Wednesday from the state’s Employment Security Department.

Craig McCulloch / Northwest News Network

Vancouver, B.C. -- A meeting of business and political leaders from Washington state and British Columbia has resulted in two agreements. One of those agreements hopes to speed up treatments for cancer. The other would create a border-straddling effort to boost innovation.

James Brooks/Flickr

Exporters are bracing for ocean freight price increases due to the collapse of Hanjin Shipping, one of the trans-Pacific lines serving the Northwest. Meanwhile, sailors and cargo are marooned on container ships in Northwest waters.

Oregon Revenues Steady, But Storm Clouds Loom

Sep 14, 2016
Chris Lehman / Northwest News Network

Steady job growth means Oregon's economy will continue to do well in the short term. But storm clouds are on the horizon. That was the prediction Wednesday from state economists.

Austin Jenkins / Northwest News Network

Unionized Washington state employees want a pay raise. They plan to rally Wednesday at the state Capitol.

Pages