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McClatchy-Tribune  07/17/2014 11:21 PM ET
Microsoft announces cuts; Who had a better World Cup, Nike or Adidas? Business news briefing [The Oregonian, Portland, Ore. :: ]

July 17--Here's the Oregon business news you need to know today. Get these headlines delivered to your inbox twice daily by subscribing to the business update email newsletter.

Developing this morning: Microsoft Corp will eliminate as many as 18,000 jobs, the largest round of cuts in its history, as Chief Executive Officer Satya Nadella integrates Nokia Oyj's handset unit and slims down the software maker. More from Bloomberg...

Other news:

The World Cup is all over but the shouting between Nike and Adidas about who had the more successful tournament.

The state experienced its first jobs setback in nearly a year last month, when analysts say the economy lost 4,300 jobs.

The PC market is much stronger than observers have expected -- instead of declining, sales in Intel's PC group were up 6 percent last quarter -- and that has bought Intel time to catch up on mobile technology.

UCLA, Adidas unveil Bruins' alternate football uniform

The "LA Steel" look, as Adidas calls it, marks the first gray uniform in school history.

Nike's Derek Jeter ad was latest example of captain's marketability

New York Yankees shortstop Derek Jeter got a Nike Inc.-sponsored tribute during Tuesday night's Major League Baseball All-Star Game, capping his career as the sport's most marketable athlete.

Comcast's 'customer service call from hell' reverberates, raises questions about how and whether to cut the cord (audio)

Wondering whether and how to cut the cord with your cable provider, without the hassle?

Oregon businesses say they have most openings in six years

Yet many of the most common openings were low-skill and low-wage positions, according to the results of a survey released Wednesday by the Oregon Employment Department.

Oregon's timber harvest reaches highest level in 7 years, but remains well below historic peak

Yet the upward trend may slow this year, state officials say.

Intel: Let spouses of H-1B immigrant employees work, too

Intel received 1,455 new and renewed H-1B visas in 2012 for the whole company, equivalent to 3 percent of its total U.S. work force.

Walgreens' plans for drive-thru draws opposition in Northeast Portland's up-and-coming Roseway neighborhood

The residents -- most of whom are young and have families -- aren't just fighting one development: They are fighting to create the kind of walkable, locally owned neighborhood Portland celebrates.

LaCrosse Footwear acquires White's Boots of Spokane

LaCrosse Footwear Inc. of Portland announced Wednesday it has acquired Spokane footwear brand White's Boots. White's, a company founded in Virginia before the Civil that has long made boots for miners and loggers, will continue to operate its factory in Spokane, said...

Oregon venture capital finally picks up, buoyed by big deals

Nearly half of this year's money has to two companies on rapid growth curves.

Portland's Vigor Industrial will overhaul Navy sub tender under $17 million contract

Navy taps Portland company for regular overhaul of the USS Emory S Land

-- Elliot Njus


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