Top News & Analysis Oregon

  • NEW YORK, Aug 30- U.S. consumer confidence rose to an 11- month high in August, with households more upbeat about the labor market, in a further sign that the economy was regaining steam after faltering in the first half of the year. "This will likely be interpreted as more evidence that the U.S. economic recovery is back on track following the missteps earlier this...

  • NEW YORK, Aug 30- U.S. consumer confidence rose to an 11- month high in August, with households more upbeat about the labor market, in a further sign that the economy was regaining steam after faltering in the first half of the year. "This will likely be interpreted as more evidence that the U.S. economic recovery is back on track following the missteps earlier this...

  • NEW YORK, Aug 30- U.S. single-family home prices rose slightly less than expected on an annual basis in June, and were down from the prior month, a survey showed on Tuesday. "Overall, residential real estate and housing is in good shape," said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices. Home prices in three U.S. cities-...

  • *Japan price data keeps pressure on BOJ to muster more stimulus. TOKYO, Aug 26- The dollar remained on tenterhooks on Friday, ahead of Federal Reserve Chair Janet Yellen's highly anticipated speech later in the session that some believe could provide clarity on whether U.S. interest rates are headed higher this year. Yellen will deliver the keynote speech at a...

  • WASHINGTON/ NEW YORK, Aug 11- The U.S. Drug Enforcement Administration on Thursday denied requests to stop classifying marijuana as a dangerous drug with no medical use, leaving users and businesses in limbo after many states have legalized it for medical or recreational purposes. Representative Earl Blumenauer, a Democrat from Oregon, said in a statement.

  • WASHINGTON/ NEW YORK, Aug 11- The U.S. Drug Enforcement Administration on Thursday denied requests to stop classifying marijuana as a dangerous drug with no medical use, leaving users and businesses in limbo after many states have legalized it for medical or recreational purposes. Representative Earl Blumenauer, a Democrat from Oregon, said in a statement.

  • WASHINGTON, Aug 11- The U.S. Drug Enforcement Administration on Thursday denied requests to loosen the classification of marijuana as a dangerous drug with no medical use. In a letter to the petitioners, the DEA said it had asked the Department of Health and Human Services for a scientific and medical evaluation of the issue. Alaska, Washington, Oregon, Colorado...

  • A sign with a DEA badge marks the entrance to the U.S. Drug Enforcement Administration (DEA) Museum in Arlington, Virginia.

    The U.S. government will announce that it will allow more research into marijuana but will reject requests to loosen the drug's classification.

  • *Wall Street has bought up and rented out thousands of homes. NEW YORK/ LOS ANGELES, Aug 10- Seeking a yard for her two dogs and proximity to her new government job, Alison Owen set out to buy a home this spring in the hot market of Austin, Texas. Owen had to offer $215,000 for a property listed at $198,000 to fend off at least nine other bidders for the 1,200- square-foot...

  • *Broadbent eyes further rate cut unless growth picks up. Broadbent said he was closely watching the labor market to gauge the hit to Britain's economy from June's vote to leave the European Union, and pointed to a survey overnight that showed the biggest fall in permanent hiring since 2009.. The central bank also said most of its nine-member Monetary Policy...

  • LONDON, Aug 4- Sterling dipped and the dollar inched up on Thursday, with trade set to be dominated by the Bank of England's expected first interest rate cut for seven years and the question of whether it does- or will do- more to stimulate the economy. With markets fully pricing in a quarter point reduction in UK borrowing costs, dealers say the pound would surge back...

  • LONDON, Aug 4- Sterling dipped and the dollar inched up on Thursday, with trade set to be dominated by the Bank of England's expected first interest rate cut for seven years and the question of whether it does- or will do- more to stimulate the economy. With markets fully pricing in a quarter point reduction in UK borrowing costs, dealers say the pound would surge back...

  • SINGAPORE/ TOKYO, Aug 4- The dollar held steady above a recent six-week low on Thursday, while sterling stayed in a tight range with expectations running high that the Bank of England will cut interest rates for the first time since 2009 in a bid to ward off recession. The dollar edged up 0.1 percent against the yen to 101.31, while the euro held steady at $1.1144.

  • HOUSTON, Aug 4- A pact that 15 U.S. states signed to jointly investigate Exxon Mobil Corp for allegedly misleading the public about climate change sought to keep prosecutors' deliberations confidential and was broadly written so they could probe other fossil fuel companies. After numerous filings under sunshine laws, a copy of the agreement was obtained by the...

  • *Yen's strength attracts attention of Japan's MOF. TOKYO, Aug 4- The dollar stood tall in early Asian trading on Thursday on the back of a stronger-than-expected U.S. employment data, while sterling remained in a tight range ahead of the Bank of England's expected interest rate cut later in the session. The dollar was slightly higher against the yen at 101.30, while...

  • FRANKFURT/ ISTANBUL, Aug 3- Turkish authorities were able to trace thousands of people they accuse of participating in an underground network linked to last month's failed military coup by cracking the weak security features of a little-known smartphone messaging app. Security experts who looked at the app, known as ByLock, at the request of Reuters said it...

  • CHICAGO, Aug 1- Japan and South Korea have both taken steps to block certain imports of U.S. wheat after unapproved genetically-modified plants from Monsanto Co seeds were found growing in Washington state, a spokeswoman for the U.S. Department of Agriculture said on Monday. Japan's Ministry of Agriculture, Fisheries and Forestry said it will suspend...

  • July 29- Genetically modified wheat developed by Monsanto Co, and never approved by federal regulators, has been found growing in a Washington state farm field, the U.S. Department of Agriculture said on Friday. The USDA is testing grain harvested from the farmer's other wheat fields as a precaution, the agency said. The grain has not been traced in commercial...

  • Portland start-up going nuts

    CNBC's Kate Rogers reports the latest on the booming start-up scene in Portland, Oregon.

  • Whole Foods' shares fell nearly 10 percent to $30.32 on Thursday on the New York Stock Exchange- their biggest intraday percentage drop in a year. "The most worrisome development about Whole Foods' latest results is the continued sales deceleration heading into FY17," Pivotal Research Group analyst Ajay Jain wrote in a note. Whole Foods opened the first 365 store...