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Wednesday, February 6, 2008

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Wednesday, February 06, 2008

Big-box developer drops site
touted as an eastside Wal-Mart A Canadian developer has pulled out of a proposed big-box development on Northeast 82nd Avenue kitty-corner to Madison High School after bitter opposition from neighborhood groups that feared construction of a Wal-Mart.

Industry Notes
REAL ESTATE

Korean court says Lone Star guilty in stock case
Just before he made his Oregon sales pitch, John Grayken, chairman of Texas-based Lone Star Funds, testified in South Korea in an alleged misconduct case tied to Lone Star's purchase of Korea Exchange Bank's credit card unit.

Microsoft bid has Yahoo users cringing
SEATTLE -- While Yahoo's executives ponder Microsoft's $44.6 billion bid, the deal is generating some backlash from Yahoo users.

Microsoft smartens up Web ads
REDMOND, Wash. -- Microsoft's online advertising researchers will spend this year teaching computers to be smart about sticking ads into video clips, and to be even smarter about targeting ads to specific Web surfers.

News highlights
NEWS UPDATE: NORTHWEST TIMBER

Oregon invests in housing's bad luck
Though Oregon lawmakers want to tighten state rules this month to reduce foreclosures, the Oregon Treasury wants to turn a profit off the slumping U.S. housing market.

Recession 'if' turning into 'how bad?'
Lingering hopes that the U.S. economy might avert a recession withered Tuesday after business in the nation's service sector -- its banks, travel companies, contractors and stores, among others -- shrank for the first time in five years.

Workplace
Employers attempt to predict the future by looking at the past. They're trying to determine whether you will be a reliable, hardworking and motivated employee, so everything about you needs to promote that idea.




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