Economy, Business, Finance, and Labor

Economy and business news

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.

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.

Washington State Department of Employment Security

Washington state's above-average unemployment rate hasn't budged since last December. For July, the state’s Department of Employment Security Wednesday again pegged it at 5.8 percent.

Tom Banse / Northwest News Network

A popular getaway destination for Northwest outdoor enthusiasts should be under new ownership by this winter. British Columbia's Whistler Blackcomb ski resort has agreed to a friendly takeover by Colorado-based Vail Resorts.

Alaska Airlines

Alaska Airlines' proposed takeover of rival Virgin America remains on course pending federal approval expected late this year. That's according to Alaska Air Group CEO Brad Tilden. Tilden told Wall Street analysts Thursday that he's still undecided about whether to keep the Virgin America brand alive after the acquisition goes through.

Oregon Bureau of Labor and Industries

Tens of thousands of Oregonians will get a raise Friday when the state's minimum wage goes up for the first time in 18 months.

Chris Lehman / Northwest News Network

A newly released report from the left-leaning Oregon Center for Public Policy has found that Oregon corporations today are paying a smaller portion of the state's income and property taxes than they did 40 years ago.

Oregon Bureau of Labor and Industries

Oregon employers have new guidance from the state on how much to pay their employees when the state's minimum wage goes up next month. The Oregon Bureau of Labor and Industries released rules Wednesday meant to clear up one of the questions surrounding the legislatively-approved minimum wage hike.

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