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Business Briefcase Nov. 20, 2013

When you’re out shopping locally, be sure to take note of the updates at the Sears Hometown Store in the Brookings-Harbor Shopping Center. In addition to $10,000 in remodeling work, owner Doris Fronckowiak says there are new product lines on display, including “an explosion” of tools. 

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Optimum Property Management, run by Alice Lindley, is the newest affiliate member of the Curry County Board of Realtors.

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Carol Raper, the acting CEO of Curry Community Health, has been appointed the permanent director. CCH is the non-profit organization formed to “spin off” the county health department from county government.

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Many thanks to Blue Pacific Realty for doubling the firm’s contribution to the financially strapped Nature’s Coastal Holiday display. (You can help string lights Saturday at Azalea Park.)

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Watch for this potential change: Regulators are reviewing the potential purchase of Sterling Savings by Umpqua Bank.  That would place an Umpqua Bank store in every community along the Southern Oregon Coast, says Harbor manager Bonnie Northrup.

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After seven years of traveling back and forth between “home” in Brookings and his real estate companies in Southern California, Ron Reel has decided to stop commuting. You can now find him at Century 21 Agate Realty in Brookings and Del Norte Realty in Crescent City, where he plans to be an “oceanfront specialist.”

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Listen for this lingo in holiday shopping: Black Friday is the day after Thanksgiving, Small Business Saturday is the Saturday after Thanksgiving, and Cyber Monday is the Monday after Thanksgiving.

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The Chamber of Commerce community profiles and member directories in both Brookings-Harbor and Crescent City are now in production. Contact either the Pilot or the Del Norte Triplicate to reserve your space.

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Congratulations to the Rotary Club of Crescent City, celebrating 60 years of community service with a special party last weekend.

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Check your lobby or waiting room: If you need copies of the Pilot’s Brookings-Harbor Has It All!, Wild Rivers Coast Vacation Guide, Ageless or Community Map, just give us a call at 541-469-3123.

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Business News by Yahoo Finance

  • Europe rides rebound as global sell-off abates
    World stocks hit a nine-month low on Friday but oil and southern European bonds were off their week's worst levels, as investors began to dust themselves off after one of the most volatile spells in world markets in years. Bourses in London (.FTSE), Frankfurt (.GDAXI) and Paris (.FCHI) started the day up 1 to 1.5 percent and Athens (.ATG) rose 4.5 percent as Greek governments bonds steadied after their worst run since the height of the euro crisis in mid-2012. The possible return to recession in the euro zone, a floundering economy in Japan, slowdown in China and the Ebola virus outbreak have conspired to rattle investors already fretting about the end of years of U.S. It has been a fourth straight week of stock market falls in the U.S.
  • Goldman curbs bankers' compensation even as revenue surges
    Top Goldman Sachs Group Inc (GS.N) executives are determined to keep compensation costs under control. On Thursday, Goldman reported a 25 percent increase in quarterly revenue, but the money it set aside for compensation and benefits rose only 18 percent from the same period a year earlier. The amount of money it has set aside for compensation is more or less unchanged, as is the average compensation per employee, at around $320,000 for the first nine months of the year. Sources familiar with the matter inside Goldman Sachs described the restraint as a sign of the shifting mentality about bonuses at the bank: it wants to tightly control compensation, even if it has good quarters with big revenue gains.
  • Google's revenue falls short despite curbing price declines
    Google Inc's revenue fell short of Wall Street's expectations as growth in Internet advertising slowed in the most-recent quarter, offsetting a modest improvement in ad pricing, sending its shares down about 3 percent. Shares of Google fell 2.7 percent to $510.11 in extended trading on Thursday. Google posted $16.52 billion in revenue for the three months ended Sept. 30, compared to $13.75 billion in the year ago period. On Thursday, Google announced it had appointed Omid Kordestani its new chief business officer, replacing Nikesh Arora, who had departed a quarter ago to join Japan's Softbank Corp. The chief business officer is considered a key position, overseeing all the company's revenue-generating activities and serving as a liaison to investors and Wall Street.

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