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Business Briefcase published Wednesday, September 28, 2011

 

The Hayes family has moved RockIsland Design from Brookings to Ashland, but is still serving clients on the Wild Rivers Coast, and all of Southern Oregon. You can still call the Brookings phone at 541-412-9680.

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Vanita Roland, director of the Sutter Coast Health Center @ Brookings-Harbor has volunteered to chair the 2012 Curry County Relay for Life. Watch for news of the relay’s “Fall Festival” to get started on the event.

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Speaking of event chairs: Retired contractor and city councilor Dave Kitchen has volunteered to chair the 2011 Nature’s Coastal Holiday lights display at Azalea Park. Overall, the event is a joint project of the city, Rotary Club, Lions Club and Chamber of Commerce. Watch for news soon on how to volunteer.

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The new community relations coordinator for the Chetco Activity Center is Janice Scanlon, but she’s not new to the community. She’s worked in the area before for Chetco Federal Credit Union and The Daily Triplicate. 

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At Curry Health Network, the new Curry Breast Health Program patient services representative is Shea Berghuis, who helps women go through the process. Call her at 541-247-3166 for information on the services available.

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Besides BiMart, what’s the “other” construction Railroad Street? The Loring family is planning a cafe and museum, according to the city building permit. 

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The new Brookings branch manager for Evergreen Federal is Kelly Rankin. Stop by at 850 Chetco Ave. and say hello!

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For more new faces on Chetco Avenue, stop by the Pine Cone Tavern, now labeled “PC” and say hello to new owners Elias and Sonja Billington.

Editor’s note: Deliver your Business Briefcase information to  507 Chetco Ave.; or by email to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

 

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Business News by Yahoo Finance

  • Buffett looks to succession, signals future growth problem
    In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. In the 84-year-old's annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large - 751,000 times its original net worth per share - that the future pace of gains "will not come close" to those of the past. "The numbers have become too big," Buffett wrote. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska-based company to consider steps he has resisted, such as paying dividends or conducting "massive" share repurchases.
  • Herbalife cuts pay of CEO Johnson 36 percent after missed targets
    Herbalife Ltd (HLF.N) cut the pay of Chief Executive Michael Johnson 36 percent for 2014 after the nutrition and weight loss company failed to meet performance goals set for him and other top executives, according to a securities filing on Friday. Herbalife said Johnson, who is also chairman, received total compensation of $6.73 million last year, down from $10.5 million in 2013, mainly because he did not receive the incentive plan compensation of $3.7 million he got the prior year. Herbalife has been closely watched since activist investor William Ackman accused the company of running a pyramid scheme in 2012, while rival investor Carl Icahn became the company's biggest owner in 2013. Herbalife, being investigated by state and federal regulators, has denied Ackman's charges.
  • Jobs report may test market's complacency
    The U.S. stock market has been quiet this week - too quiet. Wall Street has traded in a tight range of late, with both volatility and trading volumes drying up as the earnings season winds down and Federal Reserve Chair Janet Yellen's recent Congressional testimony delivered no surprises. About 238,000 jobs are expected to have been added in February, according to the non-farm payroll report that will be released on Friday, down from the 257,000 added in January. "Economic data will be the biggest driver of market moves over the next month, and the key one is the jobs report," said Jim McDonald, chief investment strategist at Chicago-based Northern Trust Asset Management.

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