economy

Oregon Revenues uneven
4:30 pm
Tue May 22, 2012

Oregon Revenue Forecast Mostly Flat

Combined general fund and lottery fund revenue forecasts from Dec. 2010 - June 2012.
Graph by Oregon Office of Economic Analysis

Oregon lawmakers got so-so news from the state's economist Tuesday. Revenues are predicted to remain mostly steady over the rest of the budget cycle.

The latest projection of state income tax collections is down slightly since the last forecast. But the drop was offset by a series of budget actions that lawmakers took earlier this year.

State economist Mark McMullen told a legislative panel that Oregon's economic recovery is still on track. It's just slow.

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Drone Testing
6:28 am
Fri May 18, 2012

Central Oregon Considered For Drone Testing Area

For years now, the US military has flown unmanned drones over hotspots like Iraq and Afghanistan. Drones gather intelligence and at times conduct attacks on the battlefield. But here at home, drones have largely been absent from American skies. That however is about to change. The Federal Aviation Administration is preparing to select 6 areas throughout the US for drone testing. And as OPB's David Nogueras reports, there’s an effort underway in Oregon to compete for one of those spots.

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Harry & David in Eugene
4:00 pm
Tue May 15, 2012

Harry & David Will Bring Seasonal Call Center Back to Eugene

Harry & David's flagship store in Medford.
Photo credit: Tom Banse Northwest News Network

Harry & David will be bringing its seasonal call center back to Eugene this year. They'll employ 700 to 800 people from November through mid-December.

Harry & David shut down their Eugene call center in 2010 and 2011, when it was going through financial hardship.

Darren Prescott is Vice President for Customer Care. He says the company tried outsourcing.

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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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