Issue link: https://www.epageflip.net/i/102818
8B Daily News – Thursday, January 10, 2013 Furniture Depot 235 So. Main St., Red Bluff 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 • SUN. 11:00-5:00 Wall Street gains as earnings flow in; Boeing up NEW YORK (AP) — Stocks rose on Wall Street Wednesday after U.S. corporate earnings reports got off to a good start. The Dow Jones industrial average climbed 61.66 points to 13,390.51, its first gain of the week. The Standard & Poor's 500 index gained 3.87 points to 1,461.02, and the Nasdaq composite rose 14 to 3,105.81. Having rallied after a last-minute resolution stopped the U.S. from going over the ''fiscal cliff,'' stocks are facing their first big challenge of the year as companies start to report earnings for the fourth quarter of 2012. Throughout last year, analysts cut their outlook for earnings growth in the period and now expect them to rise by 3.21 percent, according to data from S&P Capital IQ. ''Maybe earnings expectations were a little too low,'' said Ryan Detrick, a strategist at Schaeffer's Investment Research. ''You don't Wall Street need to have great earnings, you just need to beat those expectations'' for stocks to rally, Detrick said. Early indications were decent. Aluminum maker Alcoa reported late Tuesday that it swung to a profit for the fourth quarter, with earnings that met Wall Street's expectations. The company brought in more revenue than analysts had expected, and the company also predicted rising demand for aluminum this year as the aerospace industry gains strength. Alcoa is usually the first Dow component to report earnings every quarter. Despite the better revenue number, Alcoa's stock performance Wednesday was lackluster. It traded higher for part of the day then ended down 2 cents at $9.08. Other companies fared better after reporting earnings. Helen of Troy, which sells per- Reuse Facility What?: REAP the benefits of Reuse at the REAP (Reuse of Available Products) Facility. How much? All items are Free! What can I get? • Paints • Cleaning Supplies • Polishes • Stains • Automotive Fluids • and much more Where? At the Tehama County/Red Bluff Landfill: 19995 Plymire Rd., RB When? Monday-Friday 9am - 4pm. For more information, please contact: 528-1103 or visit www.tehamacountylandfill.com the company, which has already agreed to sell itself to Sprint. Dish rose 88 cents to $36.85, and Sprint fell 9 cents to $5.88. — Online education company Apollo Group plunged 7.8 percent after reporting a sharp decline in fall-term student sign-ups at the University of Phoenix. The stock fell $1.63 to $19.32. — Seagate Technology, a maker of hard-disk drives, jumped 6.6 percent, up $2.09 to $33.48, after predicting revenue for its fiscal second quarter that topped Wall Street expectations late Tuesday. — Bank of America fell 4.6 percent, down 55 cents to $11.43, after Credit Suisse analysts lowered their outlook on the bank to ''neutral'' for ''outperform,'' saying the current stock price overestimates the improvement in cost reduction that the bank can achieve this year. sonal care products under brands including Dr. Scholl's and Vidal Sassoon, rose 2.7 percent, up 90 cents to $34.43 after reporting a 15 percent increase in quarterly net income. Boeing was the biggest gainer of the 30 stocks in the Dow. It jumped 3.5 percent, up $2.63 to $76.76, following two days of sharp declines triggered by new problems for its 787 Dreamliner. Boeing said it has ''extreme confidence'' in the plane even as federal investigators try to determine the cause of a fire Monday aboard an empty Japan Airlines plane in Boston and a fuel leak at another JAL 787 on Tuesday. The yield on the 10year Treasury note edged down to 1.86 percent from 1.87 percent. Among other stocks making big moves: — Wireless network operator Clearwire jumped 7.2 percent, or 21 cents, to $3.13, after Dish network made an unsolicited offer to buy 741 Main Street, Suite #2 Red Bluff, CA 96080 1-800-287-2187 (530) 527-2187 C & C PROPERTIES An Independently owned and operated Member of Coldwell Banker Residential Affiliates. FOR 24/7 PROPERTY INFO CALL 1-888-902-7253 FORECLOSURES AND HOMES UNDER $200,000 2 BD 3 BD 3 BD 3 BD 2 BD 3 BD 1 BD 3 BD 3 BD 3 BD 3 BD 1 BD 4 BD 6 BD 4 BD 3 BD 2 BA 2 BA 2 BA 1 BA 1 BA 1 BA 1 BA 2 BA 2 BA 2 BA 2 BA 1 BA 2 BA 3 BA 1 BA 2 BA 1000 Sq Ft 1560 Sq Ft 945 Sq Ft 1144 Sq Ft 768 Sq Ft 1216 Sq Ft 384 Sq Ft 1114 Sq Ft 1248 Sq Ft 1493 Sq Ft 1080 Sq Ft 1592 Sq Ft 3000 Sq Ft 1572 Sq Ft 1468 Sq Ft 0.48 AC 0.07 AC 0.16 AC 0.127 AC 1.16 AC 1.6 AC 0.222 AC 1.99 AC 2.99 AC 0.09 AC 0.149 AC 0.48 AC 0.29 AC 0.276 AC 0.55 AC $9,499 $65,000 $70,999 $84,500 $99,000 $99,900 $109,000 $110,000 $115,900 $135,000 $135,000 $148,000 $170,000 $174,900 $175,000 $198,000 Prop Code 4249 Prop Code 4899 Prop Code 4159 Prop Code 4429 Prop Code 4379 Prop Code 4849 Prop Code 4389 Prop Code 4409 Prop Code 4909 Prop Code 4399 Prop Code 4019 Prop Code 4029 Prop Code 4329 Prop Code 4439 Prop Code 4969 Prop Code 4979 See All Tehama County Listings at www.redbluffcoldwellbanker.com TEHAMA COUNTY REAL ESTATE TEAM • OPEN 7 DAYS A WEEK Labor Secretary resigns WASHINGTON (AP) — Labor Secretary Hilda Solis resigned her post on Wednesday, saying she plans to return to her native California. She is expected to run for a seat on the Los Angeles County Board of Supervisors. In a message to colleagues, Solis said she made the decision to leave after discussing it with her family and close friends. One of the highest-ranking Hispanics in Obama's administration, Solis has won praise from labor unions for aggressive enforcement of wage and hour laws and job safety regulations. But business groups have criticized her as not taking a more cooperative approach. ''Leaving the department is one of the most difficult decisions I have ever made, because I have taken our mission to heart,'' Solis said. ''As the daughter of parents who worked in factories, paid their union dues and achieved their goal of a middle-class life, and as the first Latina to head a major federal agency, it has been an incredible honor to serve.'' 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