economy

Direct Flights Portland-D.C.
5:46 pm
Mon May 14, 2012

New Non-Stop Flight From PDX to D.C.’s Reagan National

Alaska Airlines will run the service from PDX to D.C.'s Reagan National Airport.
Photo Courtesy of Alaska Airlines

The Federal Aviation Administration restricts flights to and from the D.C. area. But it has now authorization for eight non-stop flights from Western cities to Reagan National. Senator Ron Wyden says it'll be good for business.

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Idaho Rare Earths
6:45 am
Wed May 2, 2012

Idaho's Rare Earth Minerals On The Radar

China’s stranglehold on the world’s rare earth mineral supply has re-ignited interest in Idaho. The state’s rare earth minerals run through environmentally sensitive lands. Bonnie Stewart has the story.

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Liqour Store Bids
3:27 pm
Mon April 23, 2012

State Liquor Store Auction Rakes In Nearly $31 Million

This state-run liquor store in downtown Olympia was among those auctioned off.
Photo Credit: Tom Banse Northwest News Network

This month's auction of state-run liquor stores in Washington raked in nearly $31 million. The state liquor control board revealed the winning bidders Monday.

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Oregon Sues BP
4:45 pm
Fri April 20, 2012

Oregon Sues BP Over Lost Investments

BP deep water oil rig in the Gulf of Mexico.
Photo credit: © BP p.l.c. BP

Oregon has filed a securities lawsuit against the petrochemical giant, BP.  The state wants to recover investment losses triggered by the Gulf of Mexico oil spill two years ago.

The lawsuit alleges that investors, like the state, were misled about the safety of deep water drilling. Lawyers say BP made 'materially false' and 'misleading' statements. James Sinks of the Oregon State Treasury says state lawyers did their due diligence before filing, and are confident.

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Alaska Airlines
3:48 pm
Thu April 19, 2012

Alaska Airlines Navigating Through Rising Fuel Costs

Alaska Air Group announced a profit for the 12th-consecutive quarter.
Photo courtesy Alaska Airlines

Alaska Airlines and its subsidiary Horizon Air continue to make money despite sharply higher fuel prices. Executives with the Seattle based airline group Thursday reported a twelfth consecutive quarterly profit. CEO elect Brad Tilden says the 28 million dollar net profit in this year's first quarter is "marginally" smaller than the same quarter last year.

Brad Tilden: "Given this quarter's solid results and the current demand environment, we're cautiously optimistic about 2012. The biggest headwind is high fuel prices and their impact both on our cost structure and on the pocketbooks of our customers."

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Wash. Unemployment
3:52 pm
Wed April 18, 2012

March Unemployment Rate Flat In Wash.

A day after Oregon delivered a virtually unchanged monthly jobs report for March, neighboring Washington did the same. Washington's employment department pegged the state's unemployment rate last month at 8.3 percent. That's the same as the revised rate for February.

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Coos Bay Terminal
6:21 am
Wed April 18, 2012

Documents Identify Two Companies Involved In Coos Bay Coal Export Negotiations

The Port of Coos Bay is negotiating with three companies interested in building a coal export facility on Oregon’s South Coast. Through interviews and records requests, EarthFix has learned the identities of two companies involved in the deal. Amelia Templeton reports.

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Coos Bay Terminal
6:16 am
Wed April 18, 2012

International Investors Plan Coal Terminal In Coos Bay

Coos Bay is one of six ports in the northwest pursuing a deal to build a coal export terminal. The coal would come from mines in Montana and Wyoming. If the companies reach a deal with the port, it won’t be the first time coal is big business on Oregon’s south coast.

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Oregon Employment
3:43 pm
Tue April 17, 2012

Oregon's Jobless Rate Edges Gradually Down

Oregon has seen a decrease in the unemployment rate of a full percentage point over the last year.
Photo credit: Wikimedia user M.O. Stevens Wikimedia Commons

Oregon's unemployment rate edged down to 8.6 percent in March, essentially unchanged from 8.7 percent the month before. At 8.6 percent, Oregon's unemployment rate is higher than the national average. It stands at 8.2 percent.

But Employment Department Spokesman, Tom Fuller, says Oregon's economy appears to be improving, and fewer and fewer people are claiming unemployment insurance.

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Northwest Wind Company
6:20 am
Tue April 17, 2012

Report: Chinese Companies Consider Vestas Takeover

A prominent wind energy company – with North American headquarters in the Pacific Northwest – may be acquired by a rival Chinese corporation. Correspondent Courtney Flatt has more.

A Danish newspaper is reporting that two Chinese companies are considering takeover bids for Vestas Wind Systems. The Danish firm’s North American headquarters are based in Portland.

Vestas has faced financial trouble over the past year. The company’s chairman and chief financial officer resigned in February.

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