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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

  • Morgan Stanley posts highest profit since financial crisis
    The bank's trading business, like those of its main rivals, got a boost in the quarter after the Swiss central bank scrapped a cap on the franc, the European Central Bank announced its quantitative easing program and the U.S. Federal Reserve took steps toward tightening monetary policy. Morgan Stanley capped a mostly strong quarter for the big U.S. banks with its 60 percent rise in net profit, followed by Goldman Sachs Group Inc, whose profit jumped 41 percent. Morgan Stanley is focusing less on bond markets and more on managing money for the rich as a way to free up capital and meet stricter regulatory rules imposed since the financial crisis.
  • With a prince's backing, James Murdoch may soon ascend at Fox
    "James is a giant!" said Alwaleed, a Murdoch family ally and one of Fox’s top shareholders with a 6.6 percent voting stake, in an interview. The billionaire prince's seal of approval - and increasing acceptance of James by other shareholders - may be laying the ground for Fox to give the 42-year-old day-to-day control of the company sooner rather than later.
  • Boutique banks to suffer most if Comcast-Time Warner Cable deal vetoed
    Boutique investment banks such as Allen & Company, Centerview Partners and Paul Taubman's PJT Partners have limited resources compared to their larger brethren, and they use them to win mandates on a few big deals. Yet it is megadeals such as the Comcast-Time Warner Cable buyout, that carry the most regulatory risk.

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