Issue link: https://www.epageflip.net/i/10458
Stocks fall after drop in retail, financial shares NEW YORK (AP) — A late-day slide left stocks lower Thursday following a disappointing forecast from department store chain Kohl’s and a drop in financial shares. The Dow Jones industrial average ended down about 114 points after shooting up by nearly 149 on Wednesday. The Dow has fallen six of the past eight days. Stocks mostly made mod- est moves for much of Thurs- day’s trading but fell in the final hour as the euro weak- ened. The drop in stocks sig- naled that traders remain skit- tish about the direction of the market after weeks of big swings. ‘‘It seems like the market is trying to find its footing,’’ said Adam Gould, senior portfolio manager at Direxion Funds in New York. Disappointing corporate and economic news dented sentiment. Kohl’s Corp. fell 5.8 percent and dragged other consumer stocks lower after its increased forecasts fell short of what analysts had been expecting. Bank stocks fell on reports that New York’s attorney gen- eral is examining eight banks to determine whether they misled ratings agencies about mortgage securities. Tech shares also got hit after investors saw a forecast from computer networking equipment company Cisco Systems Inc. as cautious. The stock fell 4.5 percent to post the steepest drop among the 30 stocks that make up the Dow. The Dow fell 113.96, or 1.1 percent, to 10,782.95. The Standard & Poor’s 500 index fell 14.23, or 1.2 percent, to 1,157.44, while the Nasdaq composite index fell 30.66, or 1.3 percent, to 2,394.36. Two stocks fell for every one that rose on the New York Stock Exchange, where con- solidated volume came to 4.9 billion shares, compared with 5.3 billion Wednesday. Volume has been decreas- ing this week since stocks jumped on Monday on relief over Europe’s nearly $1 tril- lion plan help debt-strapped governments in the European Union. Some analysts say that the drop in volume is a sign of flagging confidence in the market’s moves. Stocks rose Wednesday after a Commerce Depart- ment report said exports rose in March to their highest lev- els since late 2008. Bond prices rose Thurs- day. The yield on the bench- mark 10-year Treasury note, which moves opposite its price, fell to 3.53 percent from 3.58 percent late Wednesday. Gold fell, a day after set- ting a record high. Crude oil fell $1.25 to $75.40 per barrel on the New York Mercantile Exchange. The drop in stocks late in the day came as the euro fell. The 16-nation currency is just above a 14-month low. Investors remain unsure whether countries like Greece and Spain that are saddled with debt will be able to cut spending and still manage to grow. The euro has been drop- ping since Monday on dimin- ishing expectations for an economic recovery in Europe. ‘‘The currency market is saying that the stock market rebound won’t be sustained,’’ said Brian Dolan, chief cur- rency strategist at Forex.com. Meanwhile, an economic report signaled that gains in the job market are proceeding slowly. The Labor Depart- ment said first-time claims for jobless benefits dipped to 444,000 last week from an upwardly revised 448,000 the previous week. Economists had expected claims to fall to 440,000. While a fourth straight weekly drop in claims is a welcome sign, it hasn’t been enough to signal sustainable job growth. Economists esti- mate weekly initial claims need to fall below 425,000 to show employers are consis- tently adding workers. Claims have stalled around the 450,000 level throughout the year. Unemployment remains a major obstacle to a strong recovery. With more people looking for work, the unem- ployment rate rose to 9.9 per- cent last month. Employers added 290,000 jobs. Investors want to see consistent job cre- ation as well as regular declines in claims for jobless benefits before becoming confident that the labor mar- ket is healing. Kohl’s fell $3.34, or 5.8 percent, to $53.81, while Cisco fell $1.21, or 4.5 per- cent, to $25.53. Among bank stocks, Citi- group Inc. fell 9 cents, or 2.2 percent, to $4.09, while Bank of America Corp. fell 20 cents, or 1.2 percent, to $16.87. The Russell 2000 index of smaller companies fell 6.26, or 0.9 percent, to 709.85. Britain’s FTSE 100 rose 0.9 percent, Germany’s DAX index rose 1.1 percent, and France’s CAC-40 slipped 0.1 percent. Japan’s Nikkei stock average rose 2.2 percent fol- lowing Wednesday’s big gains in the U.S. Lawyers jockey for lead slots in Toyota lawsuits SANTA ANA (AP) — A federal judge says he’ll decide by Monday which lawyers will lead the litiga- tion against Toyota Motor Corp. over sudden accelera- tion issues. Several dozen attorneys spoke glowingly about their credentials Thursday in front of U.S. District Judge James Selna. At stake is potentially millions of dollars that a judge can appropriate for attorneys if a settle- ment or award is reached. Hundreds of lawsuits have been filed against the Japanese automaker after it began recalling about 8 million vehicles because of acceleration problems in several models and brake glitches with the Prius hybrid. A judicial panel last month consolidated the federal cases in Orange County, Calif., and chose Selna to pre- side over them. A key decision for Selna is whether all the lawsuits should be certified as a single class. KETTLEMAN CITY (AP) — The company that runs the Califor- nia landfill where residents com- plain that toxins have caused birth defects in their town said Thursday it has cleaned up contaminated areas cited by federal investigators. Chemical Waste Management Inc. said a thorough cleanup of a storage building and an adjacent soil area at its Kettleman Hills Facility exceeded federal require- ments, the building’s floor has been re-coated, and clean soil has been brought in. The company also has ‘‘imple- mented new processes and proce- dures, including more frequent soil testing, to ensure continued com- pliance with all regulations,’’ said Bob Henry, senior district manager News tip? Call 527-2151, Ext. 112 Legal Notices Legal Notices LEGAL NOTICE Notice Re: Seizure of Property and Initia- tion of Forfeiture Proceedings, Health and Safety Code Sections 11470 et. seq. and 11488.4. To: All persons claiming any right, title, or legal interest in the following seized property (appraised values appear in pa- rentheses): ONE THOUSAND SIX- TEEN dollars ($1016.00) valued in terms of United States Currency, seized from or about the person or property of JUAN CERVANTES CRUZ Notice is hereby given that the above described property was seized on APRIL 3, 2010, at I-5 NORTHBOUND OF SOURGRASS ROAD, CORNING by TIDE for al- leged violations of California Health and Safety Code section(s) 11351, 11352, and 11379. On April 3, 2010, non-judicial for- feiture proceedings were com- menced by the Tehama County District Attorney in Action #AS10-443. Please use this case number on all documents and correspondence. You have thirty (30) days from the date of the first publication of this notice to file a verified claim, unless you have received actual notice. The claim must state the nature and extent of any interest you hold in the property, must be verified, and must be filed with the Superior Court Clerk, 633 Washington St., Red Bluff, CA 96080, or the property will be forfeited to the State. An en- dorsed copy of the claim must be served on the District Attor- ney, 444 Oak St., #L, Red Bluff, CA 96080 within thirty (30) days of the filing of your claim. Claim forms can be obtained from the Asset Forfeiture Clerk, District Attorney¹s Office. Dated: April 26, 2010 Gregg Cohen, District Attorney By: MATTHEW D. ROGERS, Depu- ty District Attorney Publish: May 7, 14 & 21, 2010 LEGAL NOTICE NOTICE OF TRUSTEE’S SALE Trustee Sale No.: 20100134000514 Title Order No.: 100049893 FHA/VA/PMI No.: 24639326 You are in Default under a Deed of Trust, dated 03/13/2007. Unless you take action to protect your property, it may be sold at a public sale. If you need an ex- planation of the nature of the proceeding against you, you should contact a lawyer. NDEx West, LLC, as duly appointed Trustee under and pursuant to Deed of Trust Recorded on 03/19/2007 as Instrument No. 2007005073 of official records in the office of the County Record- er of Tehama County, State of California. Executed By: Richard A. Gregory, Will sell at public auction to highest bidder for cash, cashier’s check/cash equivalent or other form of pay- ment authorized by 2924h(b), (payable at time of sale in lawful money of the United States). Date of Sale: 05/20/2010 Time of Sale: 2:00 PM Place of Sale: At the main entrance to the Tehama County Courthouse, 633 Washington Street, Red Bluff, CA. Street Address and other common designation, if any, of the real property described above is purported to be: 389 Michael Drive, Red Bluff, Califor- nia 96080 APN#: 024270591 The undersigned Trustee disclaims any liability for any incorrect- ness of the street address and other common designation, if any, shown herein. Said sale will be made, but without covenant or warranty, expressed or im- plied, regarding title, posses- sion, or encumbrances, to pay the remaining principal sum of the note(s) secured by said Deed of Trust, with interest thereon, as provided in said note(s), advances, under the terms of said Deed of Trust, fees, charges and expenses of the Trustee and of the trusts created by said Deed of Trust. The total amount of the unpaid balance of the obligation se- cured by the property to be sold and reasonable estimated costs, expenses and advances at the time of the initial publication of the Notice of Sale is $257,945.18. The beneficiary under said Deed of Trust heretofore executed and delivered to the under- signed a written Declaration of Default and Demand for Sale, and a written Notice of Default and Election to Sell. The under- signed caused said Notice of De- fault and Election to Sell to be recorded in the county where the real property is located. NDEx West, L.L.C. may be acting as a debt collector attempting to collect a debt. Any informa- tion obtained will be used for that purpose. For Trustee Sale Information Please Call: Resi- dential Services Validated Publi- cations, 2600 Stanwell Drive, Suite 200, Concord, CA 94520 925- 60 3- 73 42 www.rsvpforeclosures.com NDEx West, L.L.C., as Authorized Agent Dated: 04/30/2010 (RSVP# 193149) (04/30/10, 05/07/10, 05/14/10) Cleanup complete at toxic dump for the facility. Last month the U.S. Environ- mental Protection Agency said the facility had violated the Toxic Sub- stances Control Act by improperly disposing of PCBs, or polychlori- nated biphenyls — chemicals linked to cancer and other health effects. It also faulted the dump — the largest in the West — with failing to decontaminate structures prior to continued use. The EPA had tested the site between Feb. 8-12 as part of its compliance investigation. Nahal Mogharabi, a spokes- woman for the EPA in San Francis- co, said she could not comment because of the ongoing investiga- tion. Legal Notices Legal Notices LEGAL NOTICE Notice Re: Seizure of Property and Initia- tion of Forfeiture Proceedings, Health and Safety Code Sections 11470 et. seq. and 11488.4. To: All persons claiming any right, title, or legal interest in the following seized property (appraised values appear in pa- rentheses): FOUR THOUSAND ONE HUNDRED EIGHTY-SIX dol- lars ($4,186.00) valued in terms of United States Currency, seized from or about the person or property of Brian Ames. Notice is hereby given that the above described property was seized on March 11, 2010, at Hwy 99 East North of Taft Street, Los Molinos, CA by TIDE for alleged violations of California Health and Safety Code section(s) 11378 and 11379 On March 11, 2010, non-judicial forfeiture proceedings were commenced by the Tehama County District Attorney in Ac- tion #AS10-444. Please use this case number on all documents and correspondence. You have thirty (30) days from the date of the first publication of this notice to file a verified claim, unless you have received actual notice. The claim must state the nature and extent of any interest you hold in the property, must be verified, and must be filed with the Superior Court Clerk, 633 Washington St., Red Bluff, CA 96080, or the property will be forfeited to the State. An en- dorsed copy of the claim must be served on the District Attor- ney, 444 Oak St., #L, Red Bluff, CA 96080 within thirty (30) days of the filing of your claim. Claim forms can be obtained from the Asset Forfeiture Clerk, District Attorney¹s Office. Dated: April 26, 2010 Gregg Cohen, District Attorney By: MATTHEW D. ROGERS, Depu- ty District Attorney Publish: May 7, 14 & 21, 2010 LEGAL NOTICE NOTICE OF TRUSTEE’S SALE TS No. 10-0014549 Title Order No. 4370111 Investor/Insurer No. 1699289994 APN No. 101-110-091 YOU ARE IN DEFAULT UNDER A DEED OF TRUST, DATED 07/12/2005. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A LAWYER." Notice is hereby given that RECONTRUST COMPANY, N.A., as duly appointed trustee pursuant to the Deed of Trust executed by ELINE MACIVER, AN UNMARRIED WOMAN, dated 07/12/2005 and recorded 07/21/05, as Instrument No. 016519, in Book 2754, Page 414), of Official Records in the office of the County Recorder of Tehama County, State of Califor- nia, will sell on 06/04/2010 at 2:00PM, At the main entrance to the Tehama County Courthouse, 633 Washington Street, Red Bluff, CA 96080 at public auction, to the highest bidder for cash or check as described below, paya- ble in full at time of sale, all right, title, and interest con- veyed to and now held by it un- der said Deed of Trust, in the property situated in said County and State and as more fully de- scribed in the above referenced Deed of Trust. The street ad- dress and other common desig- nation, if any, of the real proper- ty described above is purported to be: 19651 VALLEY FORD DRIVE, COTTONWOOD, CA, 96022. The undersigned Trustee disclaims any liability for any incorrect- ness of the street address and other common designation, if any, shown herein. The total amount of the unpaid balance with interest thereon of the obli- gation secured by the property to be sold plus reasonable esti- mated costs, expenses and ad- vances at the time of the initial publication of the Notice of Sale is $132,192.02. It is possible that at the time of sale the opening bid may be less than the total indebtedness due. In addition to cash, the Trustee will accept cashier’s checks drawn on a state or national bank, a check drawn by a state or federal credit union, or a check drawn by a state or federal savings and loan association, savings asso- ciation, or savings bank speci- fied in Section 5102 of the Finan- cial Code and authorized to do business in this state. Said sale will be made, in an ’’AS IS’’ con- dition, but without covenant or warranty, express or implied, re- garding title, possession or en- cumbrances, to satisfy the in- debtedness secured by said Deed of Trust, advances thereunder, with interest as pro- vided, and the unpaid principal of the Note secured by said Deed of Trust with interest thereon as provided in said Note, plus fees, charges and ex- penses of the Trustee and of the trusts created by said Deed of Trust. DATED: 05/04/2010 RECONTRUST COMPANY, N.A. 1800 Tapo Canyon Rd., CA6-914- 01-94 SIMI VALLEY, CA 93063 Phone: (800) 281 8219, Sale Infor- mation (626) 927-4399 By Trust- ee’s Sale Officer RECONTRUST COMPANY, N.A. is a debt collec- tor attempting to collect a debt. Any information obtained will be used for that purpose. ASAP# 3544719 05/07/2010, 05/14/2010, 05/21/2010 Friday, May 14, 2010 – Daily News – 7B Legal Notices Legal Notices LEGAL NOTICE Notice Re: Seizure of Property and Initia- tion of Forfeiture Proceedings, Health and Safety Code Sections 11470 et. seq. and 11488.4. To: All persons claiming any right, title, or legal interest in the following seized property (appraised values appear in pa- rentheses): ONE THOUSAND THREE HUNDRED THIRTY-THREE ($1330.000 valued in terms of United States Currency, seized from or about the person or property of JOSE CHAVEZ MENDOZ. Notice is hereby given that the above described property was seized on March 25, 2010, at I-5 NORTHBOUND SOUTH OF FLORES AVENUE, CORNING by TIDE for al- leged violations of California Health and Safety Code section(s) 11359 and 11360. On March 25, 2010, non-judicial forfeiture proceedings were commenced by the Tehama County District Attorney in Ac- tion #AS10-442. Please use this case number on all documents and correspondence. You have thirty (30) days from the date of the first publication of this notice to file a verified claim, unless you have received actual notice. The claim must state the nature and extent of any interest you hold in the property, must be verified, and must be filed with the Superior Court Clerk, 633 Washington St., Red Bluff, CA 96080, or the property will be forfeited to the State. An en- dorsed copy of the claim must be served on the District Attor- ney, 444 Oak St., #L, Red Bluff, CA 96080 within thirty (30) days of the filing of your claim. Claim forms can be obtained from the Asset Forfeiture Clerk, District Attorney¹s Office. Dated: April 27, 2010 Gregg Cohen, District Attorney By: MATTHEW D. ROGERS, Depu- ty District Attorney Publish: May 7, 14 & 21, 2010 LEGAL NOTICE NOTICE OF TRUSTEE’S SALE T.S. No. 10-00293-US-CA Loan No. 7884488015 YOU ARE IN DEFAULT UNDER A DEED OF TRUST DATED09/07/2005. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A LAWYER. A public auction sale to the highest bidder for cash, (cashier’s check(s) must be made payable to National De- fault Servicing Corporation), drawn on a state or national bank, a check drawn by a state or federal credit union, or a check drawn by a state or feder- al savings and loan association, savings association, or savings bank specified in Section 5102 of the Financial Code and author- ized to do business in this state; will be held by the duly appoint- ed trustee as shown below, of all right, title, and interest con- veyed to and now held by the trustee in the hereinafter descri- bed property under and pur- suant to a Deed of Trust descri- bed below. The sale will be made in an "as is" condition, but without covenant or warranty, expressed or implied, regarding title, possession, or encumbran- ces, to pay the remaining princi- pal sum of the note(s) secured by the Deed of Trust, with inter- est and late charges thereon, as provided in the note(s), advan- ces, under the terms of the Deed of Trust, interest thereon, fees, charges and expenses of the Trustee for the total amount (at the time of the initial publication of the Notice of Sale) reasonably estimated to be set forth below. The amount may be greater on the day of sale. Trustor: PAU- LETTE J GORDON (UNMARRIED) Duly Appointed Trustee: NA- TIONAL DEFAULT SERVICING CORPORATION 09/16/2005 as Instrument No. 021542 BK: 2794 PG: 181 of Offi- cial Records in the office of the Recorder of TEHAMA County, California. Date of Sale: 05/21/2010 at 2:00 P.M. Place of Sale: At the main entrance to the Tehama County Courthouse, 633 Washington Street, Red Bluff, CA Estimated amount of unpaid balance and other charg- es: $265,742.82 Street Address or other common designation of real property: 19657 FRESHWA- TER DRIVE, COTTONWOOD, CA 96022 A.P.N.: 101-130-011 The un- dersigned Trustee disclaims any liability for any incorrectness of the street address or other com- mon designation, if any, shown above. If no street address or other common designation is shown, directions to the loca- tion of the property may be ob- tained by sending a written re- quest to the beneficiary within 10 days of the date of first publi- cation of this Notice of Sale. If the Trustee is unable to convey title for any reason, the success- ful bidder’s sole and exclusive remedy shall be the return of monies paid to the Trustee, and the successful bidder shall have no further recourse. The under- signed mortgagee, beneficiary or authorized agent for the mortgagee or beneficiary pur- suant to California Civil Code 2923.5(b} declares that the mortgagee, beneficiary or the mortgagee’s or beneficiary’s au- thorized agent has either con- tacted the borrower or tried with due diligence to contact the borrower as required by Cal- ifornia Civil Code 2923.5. Regard- ing the property that is the sub- ject of this Notice of Sale, the "mortgage loan servicer" as de- fined in California Civil Code Section 2923.53 (k) (3) declares that it has obtained from the Commissioner a final or tempo- rary order of exemption pur- suant to California Civil Code Section 2923.53 and that the ex- emption is current and valid on the date this Notice of Sale is re- corded. The timeframe for giv- ing a Notice of Sale specified in Subdivision (a) Section 2923.52 does not apply to this Notice of Sale pursuant to California Civil Code Sections 2923.52 or 2923.55. Date: 04/30/2010 NATIONAL DE- FAULT SERVICING CORPORATION 7720 N. 16th Street, Suite 300 Phoenix, AZ 85020 phone 602- 264-6101 Sales Line 714-730-2727; Sales Recorded www.n d s c o r p.com/sa le s Nichole Alford, TRUSTEE SALES REPRESENTATIVEASAP# 3539886 04/30/2010, 05/14/2010 Website: 05/07/2010, Classified Ads Sell!! Call 527-2151