Portland Business Journal editor Rob Smith returns to discuss the latest business news. Earlier this week, Oregon’s largest private company officially changed hands when Canadian investment firm Onex took over door and window manufacturer Jeld-Wen. It’s unclear exactly what this will mean for Klamath Falls, where Jeld-Wen has been headquartered for 50 years.
The NBA lockout is also casting a long shadow on Oregon’s economy, though nobody knows exactly how long. With training camps pushed back, local businesses that depend on the sports franchise for revenue are getting antsy. Sports bars, restaurants near the Rose Garden and hotels that host out-of-town players would all be affected by a delayed or cancelled season. Local sportswear giants Nike and Adidas may also have cause for concern.
Amidst all this dismal economic news, bank customers in the Northwest and beyond are grumbling aboout debit card fees and some are eyeing local credit unions as an alternative.
Are debit card fees likely to make you change your mind about where you keep your money? How would the NBA lockout affect the way you spend or make money? Do you live in Klamath Falls? How will changes at Jeld-Wen affect you?
- Rob Smith: Editor of the Portland Business Journal