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5B Friday, January 11, 2013 – Daily News Stocks gain, pushing S&P 500 to five-year high NEW YORK (AP) — The Standard and Poor's 500 closed at another fiveyear high Thursday after the stock market got a boost from reports suggesting the outlook for economic growth may be improving. The S&P 500 rose 11.10 points to 1,472.12, its highest close since December 2007, when the U.S. economy was entering the Great Recession. It also closed at a five-year high on Friday and is now 93 points off its record close of 1,565.15, logged in October 2007. The Dow Jones industrial average closed up 80.71 points at 13,471.22. The Nasdaq composite rose 15.95 points to 3,121.76. European Central Bank President Mario Draghi said the struggling euro zone should start growing again later this year, but he warned that the region has Wall Street yet to reach a turning point in its struggle with recession and handling its government debt load. The comments bolstered expectations that the worst of the region's crisis may be behind it. Investors were also cheered by a report that showed China may gradually be emerging from its worst economic downturn since the 2008 global crisis. Export growth for the world's second-largest economy rebounded strongly in December. Stocks finished the day higher despite a U.S. government report that weekly applications for unemployment benefits ticked up last week. The Labor Department said applications rose 4,000 to 371,000, the most in five weeks. The previous week's total was revised lower. Ford was among the gainers, rising 36 cents, or 2.7 percent, to $13.83 after the company doubled its quarterly dividend to 10 cents, just nine months after paying its first dividend in more than five years. U.S. companies are sitting on record cash piles, having rebuilt their balance sheets following the financial crisis that started five years ago. Analysts at Deutsche Bank predict that corporations will stop adding to those cash piles this year and instead start returning more cash to shareholders, helping push the S&P 500 up to 1,575 by the end of the year. That would be a 10 percent increase from where it ended 2012. Traders are also waiting for more indications on the Tehama Country Real Estate health of U.S. companies from earnings reports. A good start this week to the earning reports for the fourth quarter of last year helped the market Wednesday after aluminum company Alcoa predicted rising demand for aluminum this year. Investors will be paying particular attention to the outlook for company sales during this reporting period, said Quincy Krosby, a market strategist at Prudential Financial. Revenue growth slowed to 0.4 percent in the third quarter of 2012, compared to growth of 11.4 percent in the same period in 2011, according to S&P Capital IQ data. ''The third-quarter earnings season top-line revenue growth pulled back,'' said Krosby. ''That's of concern because, when all is said and done, markets are supposed to be a reflec- tion of company earnings.'' Supervalu Inc. rose 43 cents, or 14.1 percent, to $3.47 after announcing that it had reached a $3.3 billion deal to sell five of its biggest grocery chains — Albertsons, Acme, JewelOsco, Shaw's and Star Market — to an investor group led by the private equity firm Cerberus Capital Management. The S&P 500 is already up 3.2 percent so far this year after lawmakers reached a last-minute compromise to stop the U.S. from going over the ''fiscal cliff,'' a reference to sharp tax increases and acrossthe-board government spending cuts that could have pushed the economy back into recession. Yet while the budget deal avoided many of the tax increases, it only put off the so-called sequestration, or spending cuts, that This Week GIPSON MLS REALTY INC. Stromer Realty 590 Antelope Blvd Lic#01806926 Bldg. A, Suites 10 & 20, Red Bluff (530) 527-3100 660 Main St., Red Bluff (530)529-2300 http://redbluff.stromerrealty.com 0 Rivers Edge DR , Red Bluff $190,000 One of a kind acreage on the Sacramento River! A wonderful place to build your dream home with beautiful views of Mt. Shasta, Mt. Lassen and the river. Majority of lot high above the flood plane with approximately one acre of flat ground along the river. In an area of nice homes - quiet and peaceful. Power available. Owner will consider carrying 223 Main Street, Red Bluff $220,000 Perfect Retail Location! A Pascoe, steel framed building built in 1980 with space for five or six vehicles in back. Large dual pane windows at street. Historically used as a florist shop since it was built in 1980 by owner. Electric billboard out front which will remain. Lots of opportunity! New tenants have opened floral shop. Income property! NEW TO THE MARKET. 1,440 sf Commercial shop located on a large fenced corner lot in Gerber. Shop has electric, 12 x 30 loft and canvas carport. Asking..................................................................$78,000 Ben Gipson, Broker.........................Res. 527-4031 Kim Miller, Realtor® ..................................840-0733 Ken Davis, Realtor®.................................209-9059 www.gipsonrealty.com GREAT STARTER HOME. Newer 1,200+sf - 3 bedroom, 2 bath home located on the outskirts of Gerber/Las Flores. Short commute to Red Bluff. Asking.....................................................................................$99,000 BE YOUR OWN BOSS. Own one of Red Bluff's finest restaurants. Green Barn Steak House was established in 1959. Includes building, bar w/liquor license and separate storage building, plenty of parking. 4,100 sq ft restaurant located on .92 of an acre with a great corner location....................................................................................$765,000 WINTER FUN! Nice 3 bedroom, 1 bath cabin located on a large lot with access from 2 paved streets. Woodstove and central heating, storage area for your tools and sleds. Close to Mt. Lassen National Park.................................................................................................$139,000 INVESTOR WANTED. 5,500 sf – Commercial building which includes 3 units with partial basements. Long term tenants. Westside exterior stucco recently redone and a newer roof w/warranty. Located in Historic downtown Red Bluff..................................$249,000 LOTS, PARCELS AND ACREAGE For Lease: 824 sf office with bathroom, water, garbage, pest, monthly window washing included. Newer building, high traffic flow. Call for details 527-3100 Inexpensive Rent!! Call Gloria Lewis Interiors: Draperies, Blinds & Bedding (530) 529-5937 160 acres, recreational/hunting, deeded access..................$95,000 5 acres, Antelope Area, oak trees, paved road 2 sides........$70,000 160 acres off Hammer Loop, wildlife..................................$110,000 1 ac, River front lot located in Surrey Village....................$265,000 COMMERCIAL A MUST SEE. Beautiful 2,275sf - 4 bedroom, 2 bath home sits on 1.7 acres w/mtn views. Some of the many amenities: hickory cabinets, 2 sinks in kitchen, whole house fan, walk in closet, formal entry & dining, salt water pool and hot tub. Priced at...................................................................................................$379,900 2 bd, 1 ba downstairs apt. 2 bd, 2 ba Riverfront upstairs apt. 2 bd, 1 ba Upstairs apt 1 bd, 1 ba apt includes all utilities 3 bd, 1 ba house Gerber 3 bd, 2 ba with privacy 3 bd, 1 ba Like NEW house 3 bd, 2 ba 2006 built home 3 bd, 2 ba 1+ acre in bend 4 bd, 2 ba large fenced back yard 2-3 Bedroom, 2 Bath From $14,900 OWC MA PROPERT HA Y TE Space Rent $325-$335 a month (530) 824-1500 MINCH PROPERTY MANAGEMENT 760 Main St. • 530-527-5514 Commercial Properties For Sale: • 840 Main St. (11,400 sq/ft). . . . . . . . . . . . Now Reduced to $295k • 1870 Montgomery (Industrial) ...........................................2 Acres • 13545 Saint Marys Ave. (Or lease).........................40,000 sq/ft Commercial Properties For Lease: • 1005 Washington St. (Handicapped Accessible)...............1,900 sq/ft • 731-741 Main St. (Upstairs)..................................various size suites • 955 Main St. ...................................................................................2,995 sq/ft • 560 Diamond Avenue (Vacant Pad).......................................8,000 sq/ft • 1040 Monroe Street (Commercial/Industrial).......................1,000 sq/ft 1 Commercial acre, North Main Street, easy I-5 access, located in area of new construction, very buildable lot............$89,000 AVAILABLE RENTALS: Corning Adult Park WESTERN REAL ESTATE were part of the fiscal cliff threat. Ben Schwarz, chief market strategist at Light Speed Financial, said stocks are unlikely to make substantial gains until lawmakers deal comprehensively with the government spending issue. ''Everybody gave each other high fives, running up and down in Washington because they did the fiscal cliff, but the big deal is about to come and smack them upside their head, all the real issues that they didn't want to deal with,'' Schwarz said. ''Most people are now thinking, better to be safe than sorry.'' The yield on the 10-year Treasury note rose 4 basis points to 1.90 percent. The yield on the note, which rises as bonds fall, has jumped 30 basis points in the past month. $600/mo $600/mo $550/mo $675/mo $775/mo $900/mo $925/mo $1150/mo $1250/mo $1000/mo CA DRE Broker Lic. #01499775 MANAGEMENT 605 Main St. Red Bluff (530) 527-2256 www.tehamapropertymanagement.com Get Results! Custom built in 2007, 2454 sq. ft. 3 bed, 3 bath home on 2 acres. $249,900 ONLINE ADVERTISING INCLUDED. 1913 sq. ft. 4 bed 2 bath with two kitchens...................................$67,950 160 acres with cabin...................................................................$200,000 2021 sq. ft. 3/2 on 1.6 acres............................................................SOLD 48 acres of olives New Ag. well being put in .................................. SOLD 997 sq. ft. 2 bed 1 bath..............................................................PENDING 1586 sq. ft.....................................................................................$85,000 20 acres with shop......................................................................$149,900 Put your ad in Real Estate Call Suzy Noble (530) 527-2151 ext. 103 Serving all of Tehama County, Northern Glenn County & Southern Shasta Robert Thayer, Owner / Realtor 1704 Solano St, Corning CA, 96021 Call me at (530) 515-3367 for any information on any listing, or listing your own home/business/property. Email rthayer@remax.net License # 01486553 RE/MAX American Dream