Voter turnout brisk in Cornilles, Bonamici race
January 31, 2012
Elections officials report that voter turnout, or at least the mailed-ballot collections, has been brisk for Tuesday’s First District special congressional race. Voters are deciding between Democrat Suzanne Bonamici and Republican Rob Cornilles in an election to replace Rep. David Wu. Wu resigned last year after several allegations of improper conduct
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Voter turnout brisk in Cornilles, Bonamici race
Erickson IPO expected next week
January 31, 2012
Erickson Air-Crane’s initial public offering is expected to hit the market sometime next week, according to IPO research firm Renaissance Capital. The Portland-based heavy-lift helicopter manufacturer and operator on Monday disclosed the terms for its IPO, saying in an updated Securities and Exchange Commission filing that it will issue 5.35 million shares in a price range of $13 to $15. That will generate proceeds of between $69.5 million and $80 million.
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Erickson IPO expected next week
Seagate’s Q2 earnings surpass analyst predictions
January 31, 2012
Seagate Technology plc on Tuesday reported net income for the second quarter of $563 million, or diluted earnings per share of $1.28, compared to $150 million, or earnings of 31 cents a share for the same period a year ago. The Cupertino-based hard disk drive maker (NASDAQ:STX) had revenue of $3.2 billion compared to $2.7 billion in the same period last year. Excluding options, the company had net income of $581 million and diluted earnings per share of $1.32. Analysts were expecting, on average, earnings of $1…
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Seagate’s Q2 earnings surpass analyst predictions
India rapidly attracting Washington Investments
January 31, 2012
India is in the sights of big Washington companies recently, from Paccar Inc. to Starbucks. Starbucks this week announced its joint venture with Tata Global Beverages Ltd.
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India rapidly attracting Washington Investments
Portland region shines in regional index
January 31, 2012
The trend of slow growth in Oregon continued in November for every region except Portland. According to the University of Oregon Regional Economic Index, gains in manufacturing, construction, and trade, transportation and utility employment buoyed Portland area growth. Other trends: Growth in Central Oregon continued to lag as the after effects of the housing bubble continue to weigh heavily on that area. Growth in the Salem area slowed as residential home sales and construction employment dragged down the measure…
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Portland region shines in regional index
Amazon dives on earnings disappointment
January 31, 2012
Amazon.com Inc.’s stock was down nearly 8 percent in after-hours trading on Tuesday after its fourth quarter earnings fell 58 percent and sales came in short of expectations. The Seattle-based Internet retail company (NASDAQ:AMZN) said its net income dropped to $177 million, or 38 cents per diluted share, compared with net income of $416 million, or 91 cents per diluted share last year. Amazon saw net sales increase 35 percent to $17.43 billion in the fourth quarter, compared with $12.95 billion in fourth quarter 2010…
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Amazon dives on earnings disappointment
Amazon: Q4 sales up 35%; profits down 58%
January 31, 2012
Amazon pulled in revenue like crazy in the last three months of 2011, with Kindle tablet sales tripling during the holiday shopping season. But the Seattle e-commerce and tech giant also spent like crazy to fuel its current growth surge. The result: net income was down nearly 60 percent. Amazon’s fourth quarter earnings results — released Tuesday afternoon — show that net sales increased 35 percent to $17.43 billion in the fourth quarter, compared with $12.95 billion in fourth quarter 2010.
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Amazon: Q4 sales up 35%; profits down 58%
Lawyer Suing Ex-Client for Defamation Can Proceed, Judge Rules
January 31, 2012
A lawyer’s defamation claims against an ex-client who went online to accuse him of a “horrific fraud” can move forward, a San Francisco judge has ruled. Judge James McBride said Elliott Blumberg crossed the line in essentially accusing malpractice lawyer William Gwire of a crime.
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Lawyer Suing Ex-Client for Defamation Can Proceed, Judge Rules
Using Sarbanes-Oxley, SEC Gets Clawback Against Execs Who Weren’t Charged with Wrongdoing
January 31, 2012
The SEC announced Monday that it is using the Sarbanes-Oxley Act to clawback $450,000 in compensation from the former CEO of Symmetry Medical, and $185,000 from its chief financial officer, and return the money to the company. What’s notable is that neither of these individuals are accused of wrongdoing.
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Using Sarbanes-Oxley, SEC Gets Clawback Against Execs Who Weren’t Charged with Wrongdoing
Jury Acquits Two Businessmen In FCPA Sting Case
January 31, 2012
A jury in Washington, D.C., has acquitted two businessmen in a high-profile foreign bribery case that stemmed from a two-year undercover sting in which agents pitched a fake $15 million deal involving the sale of goods to the African nation of Gabon.
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Jury Acquits Two Businessmen In FCPA Sting Case
