>Brookings Oregon News, Sports, & Weather | The Curry Coastal Pilot

News Classifieds Web
web powered by Web Search Powered by Google

News arrow News arrow Business arrow TITLE COMPANY SOLD

TITLE COMPANY SOLD Print E-mail
September 04, 2000 11:00 pm

GRANTS PASS First American Title Insurance Co. of Oregon announced its purchase of Josephine-Crater Title Cos. Inc.

Our companies have a 34 year history with each other as underwriter and agent, and this change will simply seem like the culmination of a very long engagement, said Jim DeCourcey, president of Josephine-Crater Title.

We are delighted to bring our direct operations to Southern Oregon, said Parker Kennedy, president of First American.

Josephine-Crater Title began with Josephine Title Co. in Grants Pass in 1956, and expanded to include Josephine and Jackson counties in 1959, with the creation of Crater Title Insurance Co.

DeCourceys father, James Monroe DeCourcey, founded the companies, which have expanded from three to more than 100 employees.

In 1996, Ocean Title Co. in Curry County became a part of the corporation.

We have built and maintained our market position by taking good care of our local customers, and by being good corporate citizens in our community of Southern Oregon, DeCourcey said. First American shares the values and principles that have made us successful, leading their markets throughout the Northwest.

Our ability to bring Southern Oregon the best possible service will be strengthened by the change.

 

Business News by Yahoo Finance

  • Fed, China stimulus hopes boost shares; Scotland eyed
    Federal Reserve will maintain a pledge on low rates later in the day and by a report China's central bank will provide the country's biggest banks with fresh loans. This anticipated stimulus from the world's two largest economies eclipsed the growing nervousness and uncertainty surrounding Thursday's Scottish independence referendum, which most polls suggest is still too close to confidently predict. Asian and European equities tracked the overnight gains on Wall Street, which saw the Dow hit a fresh record high after the Wall Street Journal's Fed watcher Jon Hilsenrath said the central bank would keep the words "considerable time" in its policy statement, though it might qualify them. The phrase has become a touchstone in markets for when the Fed might start raising interest rates and dropping it would be taken as a hawkish step.
  • Fed could hint on rate-hike plans as it prepares for policy turn
    Federal Reserve on Wednesday could offer fresh clues on when it plans to begin lifting interest rates and how quickly it will move, as it prepares for a momentous policy turn after years of aggressive monetary stimulus. Although a tightening of monetary policy is not expected until mid-2015, the central bank could use a policy statement on Wednesday to lay important groundwork. In particular, speculation is rife the policy-setting Federal Open Market Committee may change its guidance on how long it is likely to keep rates near zero. The panel may also alter its depiction of the labor market to suggest further progress toward its goal of full employment.
  • China cenbank injects $81 billion into major banks to support economy: reports
    China's central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity into the country's top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy. The Wall Street Journal, citing an unnamed Chinese bank executive, said the People's Bank of China (PBOC) is pumping in 100 billion yuan each into China's top five banks via standard lending facility in the form of 3-month loans. When contacted by Reuters, a PBOC spokesman said: “We will make an announcement if we have any news.” The central bank may be worried that an expected tightening in liquidity ahead of the quarter-end as well as a series of upcoming initial public offerings could trigger a sharp rise in short-term rates, as was seen in June last year, when they surged to around 30 percent and roiled global markets, traders said.

Follow Curry Coastal Pilot headlines on Follow Curry Coastal Pilot headlines on Twitter

© Copyright 2001 - 2014 Western Communications, Inc. All rights reserved. By Using this site you agree to our Terms of Use