• OHSU approves 'bare-bones' 2009 budget
Leaders at Oregon Health & Science University have unveiled a "bare-bones" financial plan they hope will eliminate chronic financial problems and stanch an immediate crisis caused by the loss of state protection from major malpractice awards.

• Laika animation studio gives a preview of its coming attractions
As co-founder and longtime chief of Nike, Phil Knight helped define the mainstream of American pop culture through his athletic shoe ads. But as he wades into the hypercompetitive world of animated film, Knight is playing on the fringe.

• Halsey mill is rehiring employees
Seven weeks after Oregon's oldest forest products company closed its doors, workers left unemployed by the Pope & Talbot bankruptcy will return to work at the Halsey mill starting this week.

• Industry Notes
REAL ESTATE

• Kroger profits rise 15% in quarter
CINCINNATI -- Kroger Co. said Tuesday that food, gas and drug discounts helped draw budget-strapped consumers for one-stop shopping, and the nation's largest traditional grocer reported that profits rose 15 percent in its first quarter.

• Mentor Graphics tries to swallow smaller firm
Once upon a time, a medium-sized fish named Mentor was trying to devour a smaller fish. Then a bigger fish came along and tried to gobble up Mentor, which only kept chasing its prey.

• News highlights
NEWS UPDATE: YAHOO-MICROSOFT

• Portland-based Nau apparel back in business
Usually it's the frog that receives the kiss and turns back into a prince.

• Portland home prices still in slide from year ago
Portland-area home prices in April declined 4.7 percent from the same month a year ago, a leading U.S. housing index reported Tuesday. That drop is the most since the index began reporting in the 1980s.

• Workplace
With Marie G. McIntyre