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Business briefs March 8, 2014

Outstanding service

Brookings insurance agent Daryn Farmer has earned membership in the prestigious Million Dollar Round Table (MDRT) of The Premier Association of Financial Professionals.

The honor was given to Farmer, owner of Daryn Farmer State Farm Insurance, for adhering to a strict code of ethics, focusing on providing top-notch client service and continuing to grow professionally through involvement in at least one other industry association. 

“MDRT is an organization that is made great by people like Daryn — hardworking, committed and successful financial  services professionals at the forefront of our industry,” said MDRT President, Michelle L. Hoesly, CLU, ChFC. 

Founded in 1927, MDRT is a global, independent association of more than 38,000 of the world’s leading life insurance and financial services professionals from more than 450 companies in 74 countries.

Charter HD channels

Charter Communications’ customers in Brookings and Gold Beach will soon enjoy access to more than 200 high definition (HD) channels, better picture quality and significantly faster Internet speeds as Charter completes its move to a 100 percent all-digital network throughout the first half of 2014.

 “By removing outdated analog signals, we regain bandwidth in our network enabling us to provide more HD channels and open the door to faster Internet speeds and future innovation,” said Charter President and CEO Tom Rutledge.  

The all-digital upgrade begins April 1 with customers transitioning to an all-digital network. As part of this upgrade process, customers must take action by acquiring Charter-issued digital set-top boxes for each of their televisions.

Customers can obtain these digital boxes through direct shipment to their home by calling 888-438-2427 to request a self-installation kit, or may pick up equipment at the Charter store at 1286 Northcrest Drive in Crescent City.

Dutch Bros. fundraiser

On Valentine’s Day, the Brookings and Crescent City communities banded together to raise 1,273 pounds of non-perishable food for local food banks by participating in a Dutch Bros. fundraising campaign.

“It’s amazing when people get together in a concentrated effort,” said Dutch Bros. Coffee co-founder Travis Boersma. “The impact that we can have in raising over 233,000 pounds of food is extraordinary.”

On Feb. 14, Dutch Bros. offered customers a free drink in exchange for a contribution of three non-perishable food items.

Dutch Bros. Brookings donated the collected food to Brookings Harbor Community Helpers. And the Crescent City Dutch Bros. donated food to Our Daily Bread Ministries.

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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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