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Business Briefs

Oil producers join forces and cut production again

December 7, 2018, 7:02pm Business Briefs

VIENNA -- Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Read story

Proposed cut for herring harvest could affect lobster

December 7, 2018, 7:01pm Business Briefs

PORTLAND, Maine -- Fishermen who seek one of the most important bait fish on the East Coast are likely to see a dramatic reduction next year in the amount they are allowed to harvest, and the change could have major implications for lobster consumers. Read story

City council OKs workforce housing incentive

December 6, 2018, 8:46pm Business Briefs

The Cannon Beach City Council voted unanimously Tuesday to provide a workforce housing incentive to a developer from money generated from a new construction excise tax. Read story

Target to pay $7.4M to settle California waste suit

December 6, 2018, 8:45pm Business Briefs

The Target store chain has agreed to pay $7.4 million to settle California allegations that it improperly dumped hazardous waste into landfills, ranging from batteries to drugs and syringes. Read story

Top Intel scientist Mark Bohr will retire

December 6, 2018, 8:43pm Business Briefs

Mark Bohr, a 40-year Intel veteran and one of the chipmaker's leading scientists, will retire in March. Read story

Illinois steel company plans $19.7 million move to Indiana

December 5, 2018, 5:15pm Business

An Illinois steel company has finalized plans to move its operations to northwestern Indiana. Read story

Legionnaires’ disease tied to Disneyland cooling tower

December 5, 2018, 5:14pm Business

A cooling tower that provides mist to make Disneyland visitors comfortable was the likely source for 22 cases in a Legionnaires' disease outbreak last year near the theme park, a health official testified this week. Read story

Portland passes ordinance to reduce single-use plastic

December 5, 2018, 5:14pm Business

The city council in Portland unanimously approved a measure to forbid restaurants, bars and coffee shops from giving out plastic straws or other single-use utensils unless people ask for them. Read story

Former Red Robin CEO dies by suicide at his home

December 5, 2018, 5:14pm Business

The former CEO of the national Red Robin restaurant chain has died of suicide in his native state of Washington. Read story

More beef being recalled over salmonella fears

December 4, 2018, 5:09pm Business Briefs

 An Arizona company is expanding the scope of its recall of raw beef that could be contaminated with salmonella, federal officials said Tuesday. Read story