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10B Daily News – Thursday, January 24, 2013 Furniture Depot NEW YEAR 50-60% OFF Select Items 235 So. Main St., Red Bluff 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 • SUN. 11:00-5:00 limited to stock on hand IBM's results lift Dow average to a 5-year high NEW YORK (AP) — Strong earnings from tech giants nudged the stock market to a five-year high Wednesday. Investors drew encouragement from a vote by the House of Representatives to let the government keep paying all of its bills for another four months. The Dow Jones industrial average rose 67.12 points to close at 13,779.33. That's the highest level since Oct. 31, 2007, a month before the Great Recession started. Google and IBM reported surprisingly solid fourth-quarter earnings late Tuesday, a hopeful sign for investors who expected tech companies to struggle at the end of last year. Wall Street IBM's results beat expectations, thanks to its lucrative Internet-based ''cloud computing'' business and sales of software services to Brazil, Russia and other developing countries. The company also raised its earnings outlook for the current year. IBM led the Dow's 30 stocks, rising $8.64 to $204.72. Without IBM's 4 percent gain, the Dow would have been nearly flat. Other indexes made slight gains. The Standard & Poor's 500 index inched up 2.25 points to 1,494.81, while the tech-heavy Nasdaq composite rose 10.49 points to 3,153.67. The stock market has climbed so quickly this month that it will likely take more than good earnings to keep it heading higher. ''This market is really stretched,'' said Clark Yingst, chief market analyst at the securities firm Joseph Gunnar. ''We've essentially gone straight up since January 2. There's certainly room for people to take profits.'' The S&P 500 index is already up 4.8 percent in 2013. That's more than half of what most stock-fund investors hope to make in a single year. The House passed a bill Wednesday afternoon to suspend the government's borrowing limit until May 19. Senate Majority Leader Harry Reid, D-Nev., said his chamber would immediately move the legislation to the White House. House Republicans had previously said they would use the debt ceiling as a bargaining chip to push for deeper government spending cuts. Google gained 6 percent after its earnings climbed at the end of last year as online advertisers spent more money in pursuit of holiday shoppers. Google rose $38.63 to $741.50. Another tech giant, Apple, fell in after-hours trading after reporting sales that fell short of forecasts. Slumping coal shipments have been a drag on railroad operators, but CSX and Norfolk South- ern posted better revenue and profits than expected. The railroads managed to offset some of the hit from falling coal demand by getting more money from carrying car parts, building materials and other products. Norfolk Southern rose $1.47 to $68.41 while CSX gained 87 cents to $21.68. The quarterly earnings season is off to strong start. Of the 83 companies in the S&P 500 that reported through Tuesday, 54 have beaten Wall Street's estimates, according to S&P Capital IQ. In the bond market, the yield on the benchmark 10year Treasury note dipped to 1.83 percent from 1.84 percent late Tuesday. Netflix's stock soars on big 4Q subscriber gains SAN FRANCISCO (AP) — Netflix's Internet video service warded off stiffer completion to add 2 million U.S. subscribers during the final three months of the year to produce an unexpected profit for the company. The fourth-quarter performance announced Wednesday validates investors' recent confidence in Netflix Inc., whose volatile stock had surged by more than 30 Red Bluff Community Resource Guide Red Bluff 2013 Community Resource Guide 2013 20,000 + readership! • 7,000 in full-run distribution of The Daily News • 3,000 additional distribution throughout 2013: Red Bluff Chamber of Commerce office/Visitor Center Hotels at Rolling Hills Casino and Red Bluff area Advertisers receive copies for countertop distribution • Online version of this special publication is posted on RedBluffDailyNews.com, all year long, 24 hours a day, 7 days a week! This highly viewed online edition reached over 15,000 unique visitors during 2012…don't miss the opportunity to reach prospective residents and visitors in 2013. 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Ad space reservations deadline: Tuesday, February 4, 2013 Call (530) 527-2151 Today! 1/8 Pg ................. $199.00 1/4 Pg ................. $325.00 Half Pg ............... $485.00 Full Pg................$765.00 Inside Front ................... $1150.00 Inside Back....................$1015.00 Back Cover....................$1275.00 Center Double Truck.....$2175.00 E-mail: advertise@redbluffdailynews.com Publish Date:Wednesday, February 27, 2013 10% O your ad in FF section w each hen y buy an ad ou in Red Bluff Today & Corning To day DAILY NEWS RED BLUFF TEHAMA COUNTY T H E V O I C E O F T E H A M A C O U NTY S I N C E 1 8 8 5 percent since early December. The stock soared another $34.49, or 33 percent, to $137.75 in extended trading after the numbers came out. If the shares trade similarly in Thursday's regular trading session, it will propel Netflix's stock a new 52-week high. The surge in new customers left Netflix with 27.1 million U.S. subscribers to its service that streams movies and TV shows to Internet-connected devices. Netflix's expansion also gathered more momentum as the company ended the quar- ter with an additional 1.8 million subscribers outside the U.S. That means Netflix entered this year with 33.3 million video-streaming subscribers worldwide. Netflix also still has 8.2 million customers signed up for the DVD-by-mail rental plans that launched the company's early success. Although Netflix is phasing out the disc service, the company hung on to more of the DVD subscribers than it anticipated during the fourth quarter.