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Local Briefs

The Columbian
Published: November 25, 2009, 12:00am

vancouver

PubTalk to allow local entrepreneurs to network

Got a great idea for a product or service that is languishing in your garage? Come network with local area entrepreneurs, venture capitalists, and angel investors at Southwest Washington’s first PubTalk on Dec. 2 from 5:15 p.m. to 7 p.m. at Gustav’s Pub & Grill, 1705 S.E. 164th Ave. in Vancouver.

Guest speakers Steve Hix, founder of InFocus and Identification International, and angel investor Angela Jackson of AB Jackson Group will speak on “Technology Start-ups: What It Takes and What We’ve Learned.”

The event is sponsored by Southwest Washington Workforce Development Council, the Oregon Entrepreneurs Network, and local law firm Landerholm, Memovich, Lansverk & Whitesides.

The SW Washington PubTalk is part of a larger economic and workforce development strategy aimed at retaining talent and creating innovation within the region.

Additional PubTalk events are scheduled for Feb. 17 and April 21. For more information or to register, visit www.swwdc.org or call 360-567-3181.

New york

U.S. home prices increase for fourth straight month

U.S. home prices rose slightly in September, the fourth straight monthly increase and a clear sign the housing market recovery continues.

The Standard & Poor’s/Case-Shiller home price index of 20 major cities released today rose 0.3 percent to a seasonally adjusted reading of 144.96 in September.

Compared with a year earlier, prices were down 9.4 percent, the smallest year-over-year decline since January 2008.

By comparison, home prices in the Vancouver-Portland metro area appeared weaker in September, down 0.5 percent from August and down 11.8 percent from 2008, said the Case-Shiller report.

Seattle prices were down 0.4 percent from August and off 13.8 percent from a year ago, the report said.

NEW YORK

Facebook paves way for possibly going public

Facebook has created a dual-class stock structure designed to give founder Mark Zuckerberg and other existing shareholders control over the company.

The move could be seen as laying the groundwork for an initial public offering, though the social network said Tuesday it had no plans to go public “at this time.”

The dual-class structure is what Google Inc.’s founders, Larry Page and Sergey Brin, created to keep voting control over that company before it went public in 2004. Google’s Class B shares, owned by Page, Brin, CEO Eric Schmidt and some directors, hold 10 times the voting power as its regular, Class A stock.

In a statement, Facebook Inc. said the company introduced the stock structure because its existing shareholders wanted to keep control when voting on issues it faces.

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