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		News & Info From Our Sponsor Friday, January 25, 2008 • 2007 home sales worst in decades WASHINGTON -- Sales of existing single-family homes plunged in 2007 by the largest amount in 25 years, closing out an awful year that saw median prices fall for the first time in at least four decades. • Vanport Square tries new approach: pride in ownership Just three years ago, Vanport Square seemed hopelessly stalled. The city-backed shopping center project, a linchpin on Northeast Martin Luther King Jr. Boulevard, had lost another anchor tenant and significant steam. • Gates urges global businesses to aid poor DAVOS, Switzerland -- Bill Gates offered his vision Thursday for a new kind of capitalism that benefits the poor as well as the rich. • Corporate debt spikes, hinting that more defaults are coming WASHINGTON -- The volume of U.S. corporate debt issued by companies in severe financial distress rose in January to the highest level in more than four years, suggesting corporate defaults are likely to surge in coming months, Standard & Poor's said Thursday. • Ford buyout hits nearly all hourly staff DEARBORN, Mich. -- Ford Motor Co. will offer buyout and early retirement packages to 54,000 U.S. hourly workers, or 93 percent of its hourly work force, in an effort to cut costs and replace those leaving with lower-paid workers. Thursday's announcement came as Ford said it narrowed its losses in 2007 but warned that the outlook for U.S. sales in 2008 remains grim. • Industry Notes TECH NOTES • News highlights NEWS UPDATE: MEDICAL MARIJUANA • Recall highlights These product recalls have been announced: • State says it made error in hospital death-rate report An error by state officials incorrectly singled out three Oregon hospitals as having higher-than-average death rates among patients undergoing bilateral heart catheterization. • Troubled loans rise, but Umpqua says it can cope Umpqua Bank followed the lead of several other Northwest banks Thursday and reported a big increase in troubled loans.
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