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Daily Memo:

Cobblestone Village shop specializes in antiques

Clancy's Fancies, an antiques and collectibles shop, is now open in Medford.

Owners Rod and Sue Hummel, who relocated to the area from California, operate the shop from 9:30 a.m. to 5:30 p.m. Tuesday through Friday.

The store is at the Cobblestone Village, 1257 N. Riverside, Suite 13.

Klamath First Federal plans grand opening

Klamath First Federal will hold a grand opening ceremony noon Wednesday at its Central Point branch.

Bill Walton, mayor of Central Point, and several Klamath First Federal representatives will be on hand for the ribbon-cutting ceremony. The Central Point branch is located at 1217 Suite A Plaza Blvd.

Ex-Microsoft strategist plans launch of Avogadro

The Associated Press

SEATTLE — Former Microsoft strategist Thomas Reardon is starting a firm called Avogadro that develops technology for helping computer users move back and forth between wireless devices and desktop computers.

The new company has obtained $7.5 million for its first round of financing, the Seattle Post-Intelligencer reported Monday.

Reardon has been joined by former Microsoft executives John Cordell, Sam McKelvie and Robert Williams, the P-I reported. The four helped develop Internet Explorer, MSN Messenger and Windows 95 Networking software.

Stockpiles of goods rise faster than brisk sales

WASHINGTON — Inventories at U.S. companies rose solidly in August and slightly outpaced a brisk increase in sales, additional evidence that economic growth cooled a bit from its red-hot pace earlier in the year, economists said.

Stockpiles of goods on shelves and backlots nationwide rose 0.7 percent — the biggest increase since June — to a seasonally adjusted $1.21 trillion, the Commerce Department reported Monday.

At the same time, businesses? sales posted a solid 0.5 percent gain to $902.3 billion — also the largest increase since June — after falling sharply in July.

Compared to the same month a year ago, August's inventories were running 7.2 percent higher, faster than sales? 6.5 percent increase.

From staff and wire reports