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Portland craft cocktail bar to close: ‘Sales just aren’t there anymore’

The owners of Deadshot said the decision to close the seven-year business wasn't made lightly, citing sales, the economy and restaurant industry as reasons to...

Kraft Heinz to split a decade after megafood merger

The combined company struggled as consumer tastes changed, despite layoffs of thousands of employees and other cost-cutting measures. NEW YORK — Kraft Heinz is...

Nike announces additional layoffs

The company said the new layoffs will affect less than 1% of the corporate team. A much larger round of layoffs impacted 2% of Nike's...

YouTube TV reaches ‘short-term extension’ in dispute with Fox, warding off immediate disruptions

Shortly after the current contract was set to expire, YouTube said it was able to “prevent disruption” as it continues to work towards a new...

European postal services suspend shipment of packages to US over import tariffs

Postal services around Europe announced that they are suspending the shipment of many packages to the United States amid confusion over new import duties. ...

Target insider picked to lead the struggling retailer when CEO Brian Cornell steps down next year

The new CEO is taking over at time when Target’s sales are in a funk, its stores are messy and understocked, and it’s losing market...

Warren Buffett’s company reveals new investments in Nucor, UnitedHealth and two big homebuilders

Only one of the four new investments was big enough to ensure that legendary investor Warren Buffett may have handled them. OMAHA, Neb. —...

Portland dive bar known for karaoke closing after 29 years

PORTLAND, Ore. — This story comes from the Portland Business Journal, a KGW news partner. The full story is here. Suki's, a...

Market of Choice won’t buy Food Front co-op

The deal had been anticipated after Food Front members supported it in a vote earlier this summer. PORTLAND, Ore. — This story comes from...

Providence to lay off additional 128 caregivers to reduce costs

The layoffs come as Providence looks to cut $100 million costs amid industrywide financial strains. PORTLAND, Ore. — This story comes from the Portland...

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