Economy, Business, Finance, and Labor

Economy and business news

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.

Washington Employment Security Department

Washington state employers added 20,000 jobs on a seasonally adjusted basis last month according to the latest numbers out Wednesday from the state’s Employment Security Department.

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.

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