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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

  • Buffett's Berkshire takes $4.48 billion stake in Phillips 66
    The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with the U.S. Securities and Exchange Commission. Phillips 66 shares closed Friday at $77.23. Berkshire once held a large stake in the Houston-based company, but shed nearly two-thirds of it in February 2014 when it swapped $1.35 billion of shares for a chemicals business that it folded into its Lubrizol unit.
  • Fed's Fischer sees inflation rebound, allowing gradual rate hikes
    U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown. The influential U.S. central banker was circumspect whether he would prefer to raise rates from near zero at a much-anticipated policy meeting on Sept. 16-17. The cautious confidence from Fischer, as well as from Bank of England Governor Mark Carney who spoke at a conference alongside him, suggests at least two major central banks are poised to look beyond a week of financial-market turmoil brought on by fears that China's economy is faltering.
  • Focus turns to U.S. data as China slowdown looms
    After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term U.S. interest rate hike and help tamp down the market's recent wild swings. The economic figures will culminate in Friday?s jobs report that should reveal more about the strength of the U.S. economy. Car sales, construction spending, the Federal Reserve's "beige book" and jobs growth may show the economy is strong enough to withstand the first rate hike in nearly a decade from the Federal Reserve, despite worries about a hard landing for China?s economy.

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