Business - Page 34

Microsoft president talks $4B AI investment amid sweeping layoffs: ‘We have to prioritize’

Business
The company has laid off roughly 15,000 employees globally since May, including 3,120 workers in Washington state by Aug. 1. SEATTLE — Microsoft...

Nike names new CEO for an iconic brand

Business
Nike CEO Elliott Hill announced that Converse CEO Jared Carver is out and will be replaced by Aaron Cain, VP of Nike Global Men's....

Italy’s Ferrero agrees to buy cereal maker Kellogg

Business
The current company was formed in 2023, when Kellogg's snack brands like Cheez-Its and Pringles were spun into a separate company called Kellanova. ...

Here’s how to tell if you’re being targeted by a job scammer

Business
The Federal Trade Commission says the scams start innocuously, often with a tailor-made text or WhatsApp message. NEW YORK — As job-seekers look...

James Beard Public Market snares $2.7M from Prosper Portland

Business
Backers of the market are more than halfway to a goal of raising $25 million to get the market up and running. ...

Developer of Austin’s Moody Center charged with conspiracy to rig arena bidding process

Business
Tim Leiweke faces up to 10 years in prison and a $1 million fine if he's convicted. AUSTIN, Texas — A federal grand...

Ottawa set to miss 2026 deadline for establishing $10-a-day child care: report

Business
OTTAWA — Ottawa is expected to miss its 2026 deadline to implement $10-a-day child care services across the country, the Canadian Centre for Policy...

PGE the latest Oregon company to announce layoffs as state’s unemployment rate climbs

Business
Oregon's unemployment rate sits at 4.8%, higher than the national average of 4.1%, as the region's layoffs affect Intel, Nike and PGE employees. ...

Automotive leader buys downtown Portland’s ‘Big Pink’ in all-cash deal

Business
Portland’s most distinctive office tower was acquired by Jeff Swickard, a former telecommunications entrepreneur and automotive leader, with big ties to Oregon. ...

Province cutting BC Hydro connection costs to spur more residential development

Business
The B.C. government is slashing the cost of connecting new homes to BC Hydro by spreading those costs across more customers and increasing the...

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