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 “By removing outdated analog signals, we regain bandwidth in our network enabling us to provide more HD channels and open the door to faster Internet speeds and future innovation,”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

  • Look to energy names for global demand clues
    Profit growth expectations for S&P 500 energy companies have fallen more than any other sector - from a forecast of 13.8 percent on July 1 to the current 1.8 percent, Thomson Reuters data showed. With various names due to report next week, including Exxon Mobil (XOM.N), Chevron (CVX.N), ConocoPhillips (COP.N) and National Oilwell Varco (NOV.N), there are hopes that executives will suggest that the fall in oil and share prices has overstated the outlook for these names. The energy sector over the last 20 weeks has spiraled from being the market leader to now ranking as its most distant laggard, according to a Relative Rotation Graph study, which analyzes the relative performance of the constituents of an index. The S&P energy sector up about 6 percent from Oct. 15, while the S&P 500 is up 5.5 percent from its Oct. 15 low and the benchmark index on Friday posted its best weekly gain since early January 2013.
  • Deutsche Bank lawyer found dead in apparent NY suicide: WSJ
    Calogero Gambino, a senior Deutsche Bank (DBKGn.DE) regulatory lawyer, has been found dead in New York in what appears to have been a suicide, the Wall Street Journal reported on Saturday, citing New York City officials and other sources. Gambino, an associate general counsel and a managing director who worked for the German bank for 11 years, was found by his wife and pronounced dead by medical practitioners at the scene, according to the paper. He had been closely involved in negotiating legal issues for Deutsche Bank such as a probe by regulators of banks over allegations they manipulated the Libor benchmark interest rate as well as currency markets, the newspaper said. He was also an associate at a private law firm and a regulatory enforcement lawyer between 1997 and 1999, the Wall Street Journal said, citing Gambino's LinkedIn profile and conference biographies.
  • China's auto market growth may halve to 7 percent this year: industry body head
    Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday. "Personally, I think growth this year can reach 7 percent," Dong Yang, secretary general of the China Association of Automobile Manufacturers (CAAM), told reporters on the sidelines of an industry conference in Shanghai. The auto industry would reflect that but typically lags the economic cycle by a bit." CAAM had forecast China's auto market, which grew by 13.9 percent last year, to expand at 8.3 percent in 2014.

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