Two Gladstone car dealerships where 94 employees are expected to lose their jobs have been sold.

The battle between Carl Icahn and Mentor Graphics Corp. intensified Friday, as the activist investor increased his stake in the firm by 14 percent. (MENT)

An independent panel charged with studying the Columbia River Crossing has told Oregon Gov. Ted Kulongoski and Washington Gov. Chris Gregoire that construction should begin on the project as soon as possible.

Local, state and federal officials were scheduled Thursday to hear the Army Corps of Engineers’ plans to make emergency repairs to the damaged Howard Hanson Dam, which has keep residents and business in low-lying areas from Tukwila to Auburn on edge for more than 18 months.

The Portland City Council on Thursday authorized the city to start planning for a 300-acre deep-water marine terminal on West Hayden Island.

UPS on Friday announced it has doubled the size of its package sorting and delivery facility on Swan Island, a move that could eventually lead to new jobs. (UPS)

Dr. Lawrence Corey has been named new director and president of the Fred Hutchinson Cancer Research Center in Seattle.

The Washington State Department of Transportation discovered a “vibration issue” on its new 64-vehicle Chetzemoka ferry it’s testing.

Weyerhaeuser Co. reported net income of $14 million, or earnings of 7 cents per share for the second quarter, which compares with a net loss of $106 million, or a loss of 50 cents per share a year earlier. (WY)

Two Renton men were sentenced to prison for their roles in a scheme the government said included tax fraud, wire fraud and money laundering.

Lithia Motors Inc. reported a bump in second-quarter earnings as same-store sales beat expectations to rise 19 percent. (LAD)

Intermec Inc. reported a second-quarter loss of $2.7 million, or a loss of 4 cents per diluted share, which compares with a loss of $6.5 million, or a loss of 11 cents a share a year earlier. (IN)