Economy, Business, Finance, and Labor

Economy and business news

Alaska Airlines

Alaska Air Group stock hit a new all-time high in trading Wednesday after a solid earnings report and dividend increase. The parent company of Alaska Airlines and Horizon Air flew 13 percent more passengers in the final quarter of 2016 compared to the same period a year ago.

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Oregon lawmakers are considering proposals aimed at making sure women are paid the same rate as men for similar work. Two measures were introduced this week.

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Washington Senate Republicans are taking aim at organized labor. They’ve scheduled a series of public hearings beginning Monday on measures designed to reduce the influence of labor unions.

Tom Banse / Northwest News Network

A dispute between regional airline Horizon Air and its pilots union is headed to court. It stems from how the sister carrier of Alaska Airlines grapples with an industrywide shortage of pilots.

Emily Schwing / Northwest News Network

The rainiest fall on record in parts of eastern Oregon and Washington was good for keeping late-season wildfires at bay, but torrential rains wreaked havoc on some timber harvesters in the Northwest.

Kevin Lee / BCFMWU

Unlucky crewmembers stranded on two big container ships of the bankrupt Hanjin line won't be home for Christmas, but that didn't mean the Christmas spirit bypassed them this week. The ships are being held indefinitely in the vicinity of Victoria at the behest of creditors.

Chris Lehman / Northwest News Network

Oregon's agency devoted to economic development should provide more transparency about how its incentives are being used. That's one of the findings of an audit of Business Oregon released Monday by the Oregon Secretary of State's office.

Alaska Airlines

The proposed takeover by Alaska Airlines of its West Coast rival Virgin America has cleared its biggest hurdle. The U.S. Justice Department on Tuesday approved the $2.6 billion merger with conditions.

Home prices in the Seattle and Portland metro areas are rising faster than anywhere else in the country right now -- about twice as fast as the national average.

Chris Lehman / Northwest News Network

The two largest business lobbying groups in Oregon will merge next year. The organizations say the move will give business interests a more unified voice at the state Capitol.

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