China bans melamine in food but rejects it as cause of U.S. pet deaths
China said Thursday it has banned melamine from food products after the chemical was found in exports of vegetable protein shipped to the United States, but rejected it as the cause of dozens of pet deaths in North America.
Red-hot sales of Wii and DS lift Nintendo’s profit 77 percent
Booming sales of the popular Wii and DS game machines lifted Nintendo Co.’s earnings 77 percent for the latest fiscal year, showing that the Japanese maker is holding its own against bigger rivals Sony and Microsoft.
Claims for unemployment benefits fall by largest amount in 9 weeks
The number of laid-off workers filing claims for unemployment benefits fell last week by the sharpest amount in nearly two months, indicating the labor market remains healthy despite the sluggish economy.
2 On Your Side: Electric throw blanket could pose a serious fire hazard
The product in question is a Beautyrest Luxury Electric Throw Blanket, model number BST-06-THR. Toni Smethers of southeast Portland bought the blanket at Kmart and when she left it on, the blanket caught fire in her home.
Northwest Airlines flight attendants reach tentative agreement
Flight attendants at Northwest Airlines Corp. tentatively settled on pay cuts on Thursday, giving them a shot at a $182 million share of the airline’s reorganization in exchange for the millions more they have given up.
Microsoft 3Q profit up with boost from Vista
Software maker Microsoft Corp. said Thursday its fiscal third-quarter profit jumped 65 percent, helped by revenue from Windows Vista upgrade coupons issued over the holidays.
2 On Your Side: Internet customers left in a lurch
An Internet provider left hundreds of customers high and dry, and after a month of digging, KATU’s 2 On Your Side Reporter, Shellie Bailey-Shah, uncovered even more questions about Cyberconnectic’s owner and his business practices.
2 On Your Side: Spring cleaning scam
A Vancouver, Wash., woman fell victim to a spring cleaning scam that could be coming to your neighborhood. Shellie Bailey-Shah gives you some tips on duct cleaning that should keep you from getting ripped off.
Suddenly, Oregon PERS account has a $1.7B surplus
The fund had a $1.7 billion surplus on a projected liability of about $50 billion as of December 31st, 2005. The fund earned returns of 15 percent in 2006 and 3.4 percent in the first quarter of this year, so the surplus has likely increased.
2 On Your Side: Tips to avoid an audit
Is your tax return filled with red flags? An audit is the last thing any taxpayer wants, so Donna Yarnall, a Certified Public Accountant, has five tips for keeping the IRS at bay.
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