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News arrow News arrow Business arrow Business Briefcase published Wednesday, Oct. 7, 2009

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Business Briefcase published Wednesday, Oct. 7, 2009

The Edward Jones office of Kevin Moerke in Harbor is hosting the monthly Brookings-Harbor Chamber of Commerce membership mixer at 5:30 p.m. Friday, Oct. 9.

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Preview the bear statues of the BruinFest in a special event Saturday afternoon, Oct. 10, at Evergreen Federal Bank in downtown Brookings. All bears will be at the bank except for the artist bear and her cub, which will be joining the Second Saturday Art Walk along Art Walk Alley next to the Curry Coastal Pilot, co-sponsor of BruinFest.

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Feeling overwhelmed by financial stress? Chetco Federal Credit Union is offering a free “Steps to Financial Freedom” workshop at 4:30 p.m. Wednesday, Oct. 15, at the Brookings Inn Resort. It’s open to the public; just call 541-469-7700, ext. 1083, for reservations.

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 Look for a new Winter Farmers’ Market, scheduled for Fridays beginning Nov. 6 at the Chetco Grange Hall in Harbor, and sponsored by the grange. To participate, contact Market Manager Kathleen Dickson at 541-813-1136.

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Look at the Pilot ad for the free events, lectures and classes at South Coast Fitness Center – from self defense through Zumba dancing. Call 541-469-7118 for information.

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The three Dutch Bros. Coffee locations in Brookings and Crescent City, Calif., said thank-you to customers by offering $1 drinks last week. The Brookings and Crescent City stores were recently taken over by new local franchisee Tony Jantzer, a Dutch Bros. Coffee veteran who has worked in a variety of positions.

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Curry County jobless figures for August were 12.4 percent, or 1,253 people out of a workforce of 10,085. The best news was that there were 127 more jobs in the county between July and August.

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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

  • Investors look to earnings for market direction
    Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy. Equities lost ground after industrials Honeywell International and General Electric took hits from the strong dollar, while concerns over new trading regulations in China and Greece's place in the euro zone dented sentiment. Investors have grown concerned about the impact of a strong dollar on quarterly results, even as they remain leery of missing out on any rally. "Our markets will get kind of quiet again as we wait for some of those earnings and what is going to happen on the 24th with Greece," said Keith Bliss, senior vice-president at Cuttone & Co in New York.
  • Oil falls from 2015 peaks, Brent jumps 9.6 percent on the week
    Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices. Brent June crude fell 53 cents to settle at $63.45 a barrel, having swung from $62.95 to $64.50 after hitting $64.95, its 2015 high, on Thursday. Brent's second straight weekly gain, the fourth in five weeks, was its biggest since a 9.9 percent rally in the week to Oct. 16, 2009.
  • Exclusive: Greece scrapes bottom of barrel in hunt for cash to stay afloat
    Greece will need to tap all the remaining cash reserves across its public sector -- a total of 2 billion euros ($2.16 billion) -- to pay civil service wages and pensions at the end of the month, according to finance ministry officials. Barring a last-ditch deal with its creditors, that is likely to leave no money to repay the International Monetary Fund almost 1 billion euros due in the first half of May, although Greece has said it wants to honor its debt obligations. Athens' scramble for basic funds shows how extreme the financial constraints on Greek Prime Minister Alexis Tsipras have become as he tries to convince skeptical foreign creditors to extend his country new financial aid. Greece's finance ministry denied that it would need to tap remaining cash reserves to meet salary payments, without providing any figures.

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