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The newly-signed law mandates Oregon's current $9.25 an hour minimum would climb to $14.75 in metro Portland, $13.50 in smaller cities, such as Salem and Eugene, and $12.50 in rural communities until year 2022.

A judge ruled that the Securities and Exchange Commission could take Daniel Mudd to trial over hiding Fannie Mae's exposure to risky loans. Mudd previously appealed to have the trial dismissed over lack of evidence.

Engility Holdings Inc. has announced its new CEO after Tony Smeraglinolo stepped down. It declared former Raytheon Intelligence, Information and Services president Lynn Dugle for the job aiming for organic growth and repayment of debt.