News Digest
Sunday, June 15, 2008 10:29 AM PDT
GOOD MORNING
OREGON
Minn. investment firm buys shuttered Oregon mill
EUGENE (AP) — A Minnesota investment firm has been cleared by a bankruptcy judge to purchase Halsey’s Pope & Talbot pulp mill, which put 180 people out of work when it closed in May.
Officials at Wayzata Investment Partners, have declined to comment on their future plans for the mill. The Minnesota firm, which specializes in private equity and hedge funds, purchased the mill for $31.15 million.
Arthur Andersen,
former Ore. GOP chair owe $60 million
PORTLAND (AP) — A jury has ruled the defunct Arthur Andersen accounting firm and a former Oregon Republican Party chairman owe investors nearly $60 million for fraud involving venture capital funds.
Craig Berkman had been one of the most influential political and business leaders in the state when he turned his hand to managing investments in startup companies just before the dot-com bust in 2000-01.
IDAHO
Boise officials to look at towing policies
BOISE (AP) — Officials in Boise are considering changing the city’s policy concerning illegally parked vehicles in city parks that give park employees only one option — towing.
Boise City Councilwoman Elaine Clegg, whose teenage daughter was stranded at Ann Morrison Park after her car was towed, said the city needed a better balance to give a break to out-of-towners or sporadic park users who might not know the rules.
Idaho GOP elects 29
delegates for Rep. National Convention
SANDPOINT (AP) — Idaho Republicans approved 29 delegates to the GOP national convention in September in Minnesota.
Seventeen delegates have pledged to support John McCain, while 10-term Texas Congressman Ron Paul won six delegates — even though he suspended his campaign on Thursday.
There are another six at-large delegates who will likely favor McCain.
