Statesman Journal from Salem, Oregon • Page 11

Saturday, October 15, 2005 BUSINESS Statesman Journal 3B si if. Agenda MONDAY 1 1 i ICi IF III BUSINESS NEWS FROM AROUND THE VALLEY High Noon Toastmasters: Noon, State Revenue Building, 955 Center St. NE, Salem. Contact: Lea Spencer, (503) 945-8482. Salem Area Chamber of Commerce: Chamber Business Women brown-bag lunch, 11:45 a.m., 1110 Commercial St.

NE, Salem. Contact: (503) 581-1466 or go to www.salemchamber.org. Toastmasters Bootstrappers: 6:30 p.m., West Salem Library conference room. Contact: (503) 589-1917. wvvpawnr t-tt.

i vV to TUESDAY ft r7 New firm offers auto detailing service in Salem Detail Motion, anew Salem business, is pitching its services to time-strapped people with vehicles that need a good cleaning. Owned and operated by Chris Brannam, the company is a mobile detailing service. Customers call Detail Motion and Brannam arrives at their home or office to clean their car, truck, boat or RV During the winter, when it gets dark early, daylight hours are when most people are working. That makes it difficult for consumers to set aside time to do the detailing work themselves or schedule appointments with an off-site detailing service, Brannam said. "This helps people with busy schedules," Brannam said of his mobile service.

Detail Motion serves customers in Salem and surrounding communities. Call (503) 371-2000. Michael Rose California Gardenburger seeks Chapter 1 1 protection Gardenburger, an Irvine, company that claims to have originated the veggie burger, said Friday that it had filed for Chapter 11 bankruptcy protection. The company, which started in Portland in 1985, said in a statement that it planned to continue operations and eventually emerge as a private firm. Gardenburger executives declined to be interviewed.

In documents filed in Bankruptcy Court in Santa Ana, Gardenburger listed $20.2 million in assets and $40.2 million in debts. The company lost $11.1 million in the nine months ended June 30, and it's sales fell 10.5 percent to $33.8 million compared with the same period a year ago. Minnesota Mechanics to vote on Northwest offer MINNEAPOLIS Union leaders said late Friday that they would let striking Northwest Airlines mechanics vote on the carrier's latest offer, which would save the jobs of only a fraction of those who walked out nearly two months ago. As it now stands, the offer might preserve 500 of the 4,100 jobs that members of the Aircraft Mechanics Fraternal Association held when they went on strike Aug. 20, the union said.

Union negotiators received the offer during meetings Thursday and Friday in Minneapolis. Neither side described the meetings as negotiations. Jeff Mathews, the contract coordinator for the union said the ratification process would take 14 days once the union receives the full text Newsservices LOK1CA1N I Statesman Journal Assistant managers Jason Sii (left) and Casey Barstad make drinks Friday for customers at Dutch 3794 Commercial St. SE. The coffee retailer is giving away free drinks through today to celebrate the opening of its new location in Salem.

Dutch Bros, gives out free coffee at new location Active Business Promoters: 7 a.m., Rudy's at Salem Golf Club, 2025 Golf Course Road Salem. Contact: (503) 581-3700. Chemeketa Small Business Development Center: Small Business Administration loan information, 11:30 a.m. to 12:30 p.m., Chemeketa TED Center, 365 Ferry St. SE, Salem.Free.

Bring a lunch. Contact: (503) 399-5088 or go to www.Bizcenter. orgsalem. Edward Jones: "A Future Worth Protecting," 8 a.m. Contact: Eric Thompson, (503) 375-7612.

Export Strategies, Tools and Techniques: Seminar, 8 a.m. to 5:30 p.m., Chemeketa NW Viticulture Center, 215 Doaks Ferry Road, Salem. Cost: $60. Contact: (503) 588-6225 or go to sedcor.com. Networking Exchange Club of Salem-Keizen 7 a.m., Denny's, Mill Creek Inn, Salem.

Contact: Sven Anderson, (503) 316-2011. Salem Area Chamber of Commerce: Leadership Salem, 7:30 a.m., 1110 Commercial St. NE, Salem. Theme: Community history and culture day. Contact: (503) 581-1466 or go to www.salemchamber.org.

Salem Area Chamber of Commerce: Chamber Business Women, 11:45 a.m., Sip, 325 Court St. NE, Salem. Contact: (503) 581-1466 or go to www.salemchamber.org. Salem Toastmasters: 6:15 a.m., Brice's, 2560 19th St. SE, Salem.

Contact: Allen Prell, (503) 393-2739. Statehouse Toastmasters: 12:05 to 1 p.m., Capitol Building, Room 167-A, 900 Court St. NE, Salem. Cost: $5 per month for members, free for guests. Contact: (503) 378-2349, Ext.

311 or go to www.statehousetm.org. Toastmasters: Spanish-English, noon, Labor and Industries Building, 350 Winter St. NE, Salem. Contact: (503) 947-7513. U.S.

Department of Labor's Employee Benefits Security Administration: HIPPA and Health Laws Compliance Assistance seminar, 8 a.m. to 4 p.m., Salem Conference Center, 200 Commercial St. SE, Salem. Limited space available. Register by e-mail to educationcampaign seminarsdol.gov or by fax to (202) 219-8141.

Contact: Nancy Marchetti, (202) 693-8684 or go to www.dol.govebsa. The new coffee drive-through is owned by Aaron Eastman. Along with brothers Brandon and Jason, the Eastmans own seven Dutch Bros, locations in Albany, Lebanon, Keizer and Salem. Dutch Bros, opened its first store in 1992. Last year, the company opened 22 locations, served more than 11.5 million cups of coffee, and collected more than $30 million in gross sales.

Matt Monaghan Dutch Bros, is celebrating the grand opening of its newest Salem location at 3794 Commercial St. SE by offering all its menu items for free today. The grand opening runs through Wednesday with 2-for-l cards being handed out with every drink purchase. Hours for today's celebration are 5:30 a.m. to 10 p.m.

Normal business hours will be the same Sunday through Thursday, and until 11 p.m. on Friday and Saturday. Mark Redfield named Oregon CRS of the year Mark Redfield. a broker JeffMoore joins Saalfeld Griggs Jeff Moore has become a shareholder of Saalfeld Griggs P.C. Moore obtained both his undergraduate and law degrees from Brigham Young University.

His practice focuses on estate planning, estate and trust administration, business-succession planning and charitable planning. Kathie Hodges with Prudential Real Estate Professionals in Salem, has been named Oregon CRS of the Year for 2005 by the Oregon Chapter of the Council of Residential Specialists, which is affiliated with the National Association of Real 2004 and for his contributions with the chapter, which was named the 2004 midsized chapter of the year by the national council. He has been involved with the CRS program at the state and national levels. Redfield earned a realty license in 1986 and affiliated with a company for 12 years before coming to Prudential this year. He is on a national CRS panel and has been appointed as an alternate regional vice president for CRS.

Kathie Hodges A Redfield tors. The award recognizes Redfield's leadership as president of the Oregon chapter in Bankruptcy Continued from IB Accord Continued from IB A rush to file The number of personal bankruptcy filings skyrocketed in recent weeks ahead of Monday, the date when new bankruptcy laws will take effect. Daily average bankruptcy filings per week, 2004-05 Week 40 of 2005 OH C71 iiak Aim not vote at the upcoming convention. However, Executive Board seats once held by those unions' leaders will remain Nesbitt known if the defecting unions will return. Nesbitt's resignation, and distractions from the split in the national labor movement, have reduced his role in Oregon initiative campaigns.

SEIU Local 503 and the Oregon Education Association, the state's two largest unions, have filled the gap in the 2006 initiative cycle. The two unions are working on measures to raise the corporate minimum tax, to counteract a proposed state spending limit, and to expand affordable health insurance. "SEIU and OEA are certainly going to be working together cooperatively," DiNi-cola said. 18,000 16,000 -2005 14,000 -a 2004 12,000 minute filers. "I can't even begin to tell you how extraordinary this is," she said.

"The line is wrapped all the way around the 13th floor. It's wild." Filings were allowed in person through Friday, although attorneys making electronic court filings have until midnight Sunday. Bankruptcy attorney Tom Feezey of suburban Chicago ran radio commercials in the recent weeks to notify prospective clients about the law change. Apparently it worked: Feezey said he made 15 Chapter 7 filings this week triple what he would normally file in one month. "Now I know what it feels like to be an accountant on April 15th," Feezey said.

rein in consumers who pile up credit-card debt only to wipe it out with a Chapter 7 filing. Opponents say the law will hurt those who incur debt unexpectedly such as with health problems or lost jobs. Since President Bush signed the law in April, the number of personal-bankruptcy petitions has soared. Preliminary estimates expect a record 200,000 petitions to be filed this week, said Burlingame, Lundquist Consulting, which compiles bankruptcy statistics. The firm said the current record of 102,863 was set last week.

Clerk Yvonne Evans at the U.S. Bankruptcy Court in Atlanta said all 123 employees were called in to help deal with last- the annual convention of the Oregon AFL-CIO, beginning Sunday at the Oregon Convention Center in Portland. Oregon AFL-CIO President Tim Nesbitt announced Thursday that he is resigning early from his post. Convention delegates will pick a replacement to lead the labor federation Tuesday, the final day of the convention. So far, Gov.

Kulongoski's labor adviser, Tom Chamberlain, is the lone announced candidate to take Nesbitt's job. Nesbitt said the national talks between the AFL-CIO and Change to Win leave the state federation in limbo. Change to Win unions may unfilled, Nesbitt said, in hopes the officers will return once a final agreement is reached. At the convention, delegates will discuss a dues increase, designed to make up some of the financial hole from losing Change to Win unions, Nesbitt said. The motion will allow federation leaders to impose the dues increase later, once it's 10,000 I 8,000 6,000 4,000 1 Weeks 52 SOURCE: Lundquist Consulting Inc.

The Associated Press slaw(gStatesmanJournal com or (503) 399-6615 WALL STREET Market summary Investors welcome some positive economic data nnzi im i mini, .1 1 MCSTACTM MOST ACTIVE MUST ACTIVE NAME VOL -000) LAST CHG Lucent 30942 3.06 .01 FordM 30282 8.61 Motorola 28586 20.16 .25 GenElec 27176 34.34 .32 TimeWam 23477 18.00 .41 IICEESTEAIieS NAME VOL LAST CHG SPDR 79470118.67 1.24 iShJapan 50682 12 04 .09 iShRs2000s45264 62.91 1.04 SPEngy 31068 48.34 .68 SeraiHTr 23294 34.46 BISSEST SAIHERS WME LAST CHG CMG NAME VOLfflCO; LAST CHG NasdlOOTM 26428 38.06 .28 SinusS 60652 6.17 .06 Microsoft 53263 24 67 .08 Intel 42674 23.23 03 AppleCs 36872 54.00 .26 BISSEST sums NAME LAST CHG OG VmtoPI 48.9410.35 26.8 BradPhml 11.45 1.20 11.7 EncoreAs 34.30 339 11.0 CFIndsn 12.36 1.06 94 IHOPCp 44.10 3.79 9.4 IIGSEST LOSERS AVI Bio 3 35 .65 24.1 USEnSvs 2 43 .38 18 5 CharlHsse 17.26 267 18 3 MAIR 5 49 83 178 Biocryst 16.75 2.38 16.6 BISSEST LBSEBS NAME LAST CHG CHG CofteeHn 6 47 1.51 30 4 Hvperdvnn 2.20 33 176 MinesMgt 7.76 1.01 150 Cognitm 241 .26 12.1 SYSn 5.36 .49 10.1 BISSEST LBSEBS NAME LAST CHG CHGS TriValley 6.14 OneTravrs 3.35 Nephros 2 52 -11 6 MecoEn 8 70 -11 4 iMergent 3.73 BLAST Thursday. The dollar was mixed against most major currencies, and gold prices inched upward. Friday's gains helped cushion another uneasy week on Wall Street as a spate of profit warnings renewed concerns that rising oil prices would whittle down corporate earnings. Although some of those fears came undone on solid results from GE and aluminum producer Alcoa, investors remained reserved ahead of next week, when third-quarter earnings reports will start to cascade in. For the week, the Dow lost 0.05 percent, the 500 slid 0.78 percent and the Nasdaq dropped 1.22 percent ing this pickup in inflation," Strauss said.

"Investors are relieved there wasn't more pressure on core inflation. Unfortunately, we're probably going to see that pressure in the upcoming months." At the close of trading, the Dow Jones industrial average gained 70.75, or 0.69 percent, to 10,287.34. Broader stock indicators also finished higher. The Standard Poor's 500 index added 9.73, or 0.83 percent, to 1,186.57, and the Nasdaq composite index rose 17.61, or 0.86 percent, to 2,064.83. Bonds continued their recent decline, with the yield on the 10-year Treasury note climbing to 4.49 percent from 4.47 percent 1.2 percent.

Investors also welcomed a turnaround in September retail sales that signaled consumers still are spending despite fears of a slumping economy. The market slipped after the University of Michigan said its consumer sentiment index declined for the fourth consecutive month but regained its footing soon afterward. Michael Strauss, the chief economist at Commonfund, said that although the core CPI escaped the impact of soaring oil prices last month, that effect should soon work its way into prices elsewhere. "The market probably did a reasonably good job anticipat By Christopher Wang The Associated Press NEW YORK Wall Street ended the week with a sturdy advance Friday as mild inflation data and improving retail sales created a brighter economic picture and strong quarterly earnings at General Electric bolstered the gains. Nonetheless, the major indexes finished lower for the week.

Stocks rose after the Labor Department said its core consumer price index grew 0.1 percent in September, a sign that higher prices have been limited to the volatile energy sector. Accounting for energy and food, which are excluded from core inflation, the CPI jumped CpstnTrb 2 35 -123 SentoCp 2 99 724 Sol 2 96 -108 RF Mono 5 50 -106 CerusCp 6 80 -10 4 BIABY Waters 36.58 AlPCIf 6 45 IntegES 2 06 -S Hilton 19.95 -6 2 MagyarTel 21.70 -5 9 BIM Advanced Declined Unchanged Total issues New Highs New Lows Volume 2.238 1.044 142 3.424 13 163 2,193,508,760 Advanced Declined Unchanged Total issues New Highs New Lows Volume 575 351 91 1,017 4 42 390.584,192 Advanced Declined Unchanged Total issues New Highs New Lows Volume 2.071 922 141 3,134 28 94 1.451.815,563 1 urn i www ij wm jznjzn no iu II Serving Expresso Locally Roasted FREE LUNCH VV bCi3 frithy ami Solwday only wthe purchase of a lunch 0 2 drinks at regular price. (valid M-Th, no other discounts apply) open 7 AM Senior Buy 1 entree Get 1 Free (wpurchase ot 2 d'inlcQ Wednesday! RESTAURANT aw A BAR -cv 1210 Honrs: 3969 COMMERCIAL ST. SE State Street 503-362-2194 Tax: 503-362-2196 7AM-8PM. Mon-Thur 7AM-SPM, Fri 12PM-9PM.

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