Business

Omnicom buys majority stake in Portland

The group has bought a stake – thought to be around 80% – in the public affairs and corporate comms agency founded 11 years ago by Tim Allan, a former senior adviser to Tony Blair and director of comms at BSkyB. More >

Salem mail processing operations moving to Portland

The US Postal Service has made the decision to move all mail processing operations from the Salem Processing & Distribution Facility to Portland.

Once the transfer is completed, the mail processing operations in Salem will cease. The decision was made public this morning. Specific dates for the closing have not been announced.

Obama council visits Portland for jobs talk

http://media.katu.com/images/110219_obama_intel.jpgObama administration officials and deans from some of the top universities in the United States met in Portland Wednesday to discuss new ways to keep the country competitive in a worldwide high-tech job market. More >

Portland maintains strong credit rating

The City of Portland’s general credit ratings remain strong with a stable outlook, according to the latest credit analysis prepared by Moody’s Investors Service. The rating on the City’s unlimited tax general obligation bonds was confirmed at Aaa by Moody’s, the strongest credit rating available for municipal bonds.