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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

  • 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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