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News arrow News arrow Business arrow Business Briefcase published Saturday, Jan. 23, 2010

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Business Briefcase published Saturday, Jan. 23, 2010

The Peddler Pub, a new section inside the Apple Peddler in Harbor, continues its grand opening celebration from 4 to 7 p.m. through Sunday, Jan. 24.

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The 2010 Business Outlook Conference is all day Tuesday, Jan. 26, at the Brookings Elks Lodge. Save $5 by registering in advance with the Brookings-Harbor Chamber of Commerce, 541-469-3181.

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Thinking about construction in or near a body of water? There’s a special one-day workshop at 9 a.m. Saturday, Jan. 30, at the Best Western Beachfront Inn. Register through Southwestern Oregon Community College, 541-247-2755 or 541-469-5017.

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Do you need to see some State of Oregon information in a language other than English for yourself or a customer? The Web pages at www.Oregon.gov can now be seen in a dozen different languages. Just select one in the upper right corner of the home page.

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Latest job numbers (November) from the Oregon Employment Department show Curry County with a jobless rate of 11.9 percent, down from 13.8 percent in October, but up from 9.8 percent in November 2008. For comparison, the Coos County rate was 12.8 percent, the Oregon rate was 11.1 percent and the U.S. rate was 10 percent. See the full report at www.QualityInfo.org.

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   Do you have notes for the Pilot’s Business Briefcase? Send them to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , fax them to 541-469-4679, mail them to P.O. Box 700, or drop by the Pilot office at 507 Chetco Ave.

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Business News by Yahoo Finance

  • Doubts over U.S. growth cool dollar rally
    The U.S. dollar lost ground on Thursday, the last trading day of the week for many markets ahead of Easter, after disappointing economic data on Wednesday raised doubts over the growth outlook ahead of key jobs data due Friday. Thursday's pullback in the U.S. dollar index (.DXY), which is still up some 8 percent year-to-date, gave a boost to emerging-market stocks (.MSCIEF) -- trading at a one-month high -- as main emerging currencies strengthened against the dollar. The mood was more muted in Europe, where the pan-European FTSEurofirst 300 (.FTEU3) equity index slipped 0.1 percent and eurozone bond yields traded flat to higher. "People are reluctant to chase the market higher today because of the U.S. payrolls coming tomorrow when Europe will be closed," FXCM market analyst Vincent Ganne said.
  • Oil eases below $57 as Iran, big powers negotiate
    Oil prices slipped on Thursday as officials from the big global powers remained locked in nuclear talks with Iran that, if successful, could allow the Islamic state to release more crude oil onto world markets. Negotiations on Tehran's disputed nuclear program have stretched well beyond a self-imposed March 31 deadline, with diplomats saying the chances of a preliminary accord in the next few hours are finely balanced. Tehran is hoping for a deal that will end crippling economic sanctions and allow it to sell millions of barrels of oil, some of it stored at sea in supertankers and ready for delivery. Brent crude for May (LCOc1) was down 30 cents at $56.80 a barrel by 0800 GMT.
  • Big bank brokers use decoys, spy tactics to go alone
    Secret contracts, covert real-estate deals, scurrying around after nightfall to avoid detection: this is how far big-bank brokers are prepared to go when they plan to go independent. The Botkin Group, a team of brokers in Pittsburgh who produced $1.6 million in revenue last year for Morgan Stanley, went so far as to require non-disclosure agreements from contractors who made new signs, installed phones and delivered furniture to their new office. "We felt like we worked for the CIA," said Lester H. Botkin, 35, the youngest of the group, which also includes his father, Lester P. Botkin, 63, sister, Sara Botkin, 37, and one client service associate. They represent growing numbers of brokers who are leaving big bank brokerages, such as Morgan Stanley, Bank of America's Merrill Lynch, Wells Fargo Advisors and UBS Group AG to branch out on their own.

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