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  • Precision Castparts misses Street 1Q forecasts Tuesday, 28 Jul 2015 | 5:03 AM ET

    PORTLAND, Ore. _ Precision Castparts Corp. on Tuesday reported fiscal first-quarter net income of $399 million. Precision Castparts expects full-year earnings to be $12.25 to $13.15 per share, with revenue in the range of $10 billion to $10.4 billion. Precision Castparts shares have dropped 22 percent since the beginning of the year, while the Standard& Poor's...

  • PORTLAND, Ore.— Portland may be known for fashionable hipsters, devotion to public transit, locally sourced chickens and artisanal food carts. Long-overlooked by visitors and many locals, East Portland stretches far from downtown, on the city's eastern edge. But with a quarter of Portlanders now calling it home and rising costs pushing residents out of the inner...

  • WASHINGTON— State-run health insurance markets that offer coverage under President Barack Obama's health law are struggling with high costs and disappointing enrollment. Hawaii's marketplace, the latest cautionary tale, was awarded $205 million in federal startup grants. Twelve states and the District of Columbia fully control their markets.

  • Q&A: A look at Shell Oil and Arctic offshore drilling Saturday, 25 Jul 2015 | 3:33 PM ET

    ANCHORAGE, Alaska— Shell Oil drill vessels are heading to the Arctic. Royal Dutch Shell and other companies want to tap into U.S. Offshore Alaska offers some of the most prolific, undeveloped hydrocarbon basins in the world, potentially increasing domestic supply by over 1 million new barrels of oil per day, according to Shell.

  • Damaged Shell icebreaker arrives in Oregon for repairs Saturday, 25 Jul 2015 | 2:06 PM ET

    PORTLAND, Ore.— Environmental activists in Portland are protesting the arrival of the Fennica, a vessel that Royal Dutch Shell PLC plans to use in its Arctic offshore drilling project after it's repaired. The damaged ship, a 380- foot icebreaker, arrived at a Swan Island dry dock about 3 a.m. Saturday. Environmental groups had wanted the Obama administration to...

  • That's how many big companies could remain after the proposed combinations of Anthem with Cigna and Aetna with Humana, and experts say it would at a minimum bring close scrutiny of the deals. At only three companies, "The agencies' ears tend to perk up," said Allen Grunes, who led merger investigations at the Justice Department as an antitrust attorney.

  • Flir Systems misses 2Q profit forecasts Friday, 24 Jul 2015 | 7:42 AM ET

    WILSONVILLE, Ore. _ Flir Systems Inc. on Friday reported second-quarter net income of $50.5 million. Flir Systems expects full-year earnings in the range of $1.60 to $1.70 per share, with revenue in the range of $1.55 billion to $1.6 billion. Flir Systems shares have dropped almost 8 percent since the beginning of the year, while the Standard& Poor's 500 index has...

  • TOKYO, July 24- Japan's Meiji Yasuda Life Insurance Co said on Friday it has agreed to buy U.S.-based StanCorp Financial Group Inc for $5 billion, the latest multi-billion deal by acquisitive Japanese insurers. Meiji Yasuda, Japan's third-largest life insurer by premium revenue, has said previously it was looking for targets in the world's largest life...

  • Senate panel would allow marijuana vendors to use banks Thursday, 23 Jul 2015 | 3:22 PM ET

    WASHINGTON— A Senate panel voted Thursday to make it easier for businesses that legally produce and sell marijuana to do business with banks and other financial services providers. The language had passed the House last year but was taken out during talks with the Senate but has yet to consider the underlying spending bill this year. Three Republicans on the...

  • ANCHORAGE, Alaska— The Obama administration has given Royal Dutch Shell PLC approval to begin limited exploratory oil drilling off Alaska's northwest coast. "Without question, activities conducted offshore Alaska must be held to the highest safety, environmental protection and emergency response standards," said the bureau's director, Brian Salerno.

  • On Wednesday, University of California President Janet Napolitano announced the 10- campus system would pay its employees that much by late 2017, while a New York wage board backed an eventual $15 an hour for the state's 150,000 fast-food workers. Voters in SeaTac, Washington, population 27,875, made their suburban Seattle city the nation's first with a $15-...

  • WASHINGTON, July 22- The U.S. Interior Department on Wednesday granted Royal Dutch Shell its final two permits to explore for oil in the Arctic this summer, but said the company cannot drill into the oil zone until the required emergency equipment arrives to the region. The department's Bureau of Safety and Environmental Enforcement conditionally granted...

  • Digimarc reports 2Q loss Wednesday, 22 Jul 2015 | 5:03 PM ET

    BEAVERTON, Ore. _ Digimarc Corp. on Wednesday reported a loss of $4 million in its second quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 52 cents per share. Digimarc shares have climbed 42 percent since the beginning of the year.

  • Pacific Continental beats Street 2Q forecasts Wednesday, 22 Jul 2015 | 4:51 PM ET

    EUGENE, Ore. _ Pacific Continental Corp. on Wednesday reported second-quarter profit of $5.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. Pacific Continental shares have dropped almost 5 percent since the beginning of the year.

  • WASHINGTON, July 22- The U.S. Interior Department on Wednesday granted Royal Dutch Shell its final two permits to drill in the Arctic this summer, but said the company cannot drill into the oil zone yet. Shell must have emergency equipment called a capping stack deployable before drilling into the oil zone in the Chukchi Sea off Alaska, the government said.

  • ANCHORAGE, Alaska— The Obama administration has given Royal Dutch Shell PLC approval to begin limited exploratory oil drilling off Alaska's northwest coast. "Without question, activities conducted offshore Alaska must be held to the highest safety, environmental protection and emergency response standards," said the bureau's director, Brian Salerno.

  • Oregon group offers $13.50 minimum wage proposal Wednesday, 22 Jul 2015 | 3:04 PM ET

    PORTLAND, Ore.— A group of labor unions and liberal activist groups said Wednesday it will push to raise Oregon's minimum wage to $13.50, opening a divide with an existing group that's been pushing for a $15 wage floor. The new Raise the Wage Coalition, backed by some of Oregon's most influential and well-financed interest groups, says it will also seek to give...

  • The parent-kid pot talk from inside the industry Wednesday, 22 Jul 2015 | 1:09 PM ET

    NEW YORK— Soon after Colorado legalized recreational cannabis, Todd Mitchem's son proposed using the plant for a horticulture project at his Montessori school in Denver. School officials said no way, despite support from dad, a regular weed user and chief executive of a dating app and social network for fellow enthusiasts. That was early 2013. Now, pot is...

  • Campbell makes quicker savings, raises profit forecast Wednesday, 22 Jul 2015 | 10:28 AM ET

    July 22- Campbell Soup Co raised its full-year profit forecast as savings from its cost-cutting program came in earlier than expected. Campbell on Wednesday said it expects to save $75 million in the fiscal year 2015, ending Aug. 2, and raised its earnings per share forecast for the year to $2.43- $2.46 from $2.32- $2.38. Increasing competition from store brands,...

  • Pet porkers pack rescues as trendy teacup pigs fatten up Wednesday, 22 Jul 2015 | 10:20 AM ET

    LOS ANGELES— Eva Monroy bought a mini pig for her family and fed it what the breeder instructed: a half-cup of food in the morning and a half-cup at night. But when Hammond grew to 20 inches and 180 pounds, "my husband couldn't handle it any more.' Either the pig goes or I go,'" Monroy, of El Monte, California, says he told her. Anna Key, vice president of the North American...