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8B Daily News ��� Thursday, February 14, 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 A slump in McDonald���s stock drags Dow lower NEW YORK (AP) ��� The Dow was held back by a slump in McDonald���s stock Wednesday, leaving it short of a record. The Dow Jones industrial average shed 35.79 points to close at 13,982.91. The Dow has gained 6.7 percent this year and is just 182 points below the record close of 14,164 it set in October 2007. McDonald���s was the biggest decliner in the Dow, losing $1.10 to $94, as investors worried that Americans will spend less on eating out following a rise in Social Security taxes at the beginning of the year. The government reported early Wednesday that spending by Americans barely grew last month. Other fast-food companies also fell. Buffalo Wild Wings stock plunged $4.52 to $76.55 after its earnings fell short of analysts��� expectations. Burger King and Wall Street Wendy���s also fell. ������Consumer spending is coming under pressure,������ said Bryan Elliott, an analyst at Raymond James. ������It���s the easiest way to save money, stay at home and cook.������ The Standard & Poor���s 500 index edged up 0.90 point to 1,520.33. The index climbed as high as 1,524 during the day, the highest since November 2007. It is up 6.6 percent so far this year. Investors sent General Electric and Comcast higher after GE agreed Tuesday to sell its stake in NBCUniversal to Comcast for $16.7 billion. GE said it would use up to $10 billion of the money to buy back its own stock. GE rose 81 cents to $23.39. Comcast advanced $1.16 to $40.13. Trading has been rela- tively quiet in recent days following a strong opening to the year. The Dow logged its best January in almost two decades after lawmakers reached a last-minute deal to avoid the ������fiscal cliff������ of sweeping tax increases and spending cuts. Investors are also becoming more optimistic that the housing market is recovering and that hiring is picking up. ������We���re cautiously optimistic on stocks,������ said Colleen Supran, principal at Bingham, Osborn & Scarborough. ������There is some indication that we could be continuing on this slow growth trajectory.������ Supran said investors should still be prepared for volatility in the stock market and not assume that the gains from January and so far in February will set the pattern for the rest of the year. Strengthening the econo- my and creating jobs were key topics in President Barack Obama���s State of the Union address late Tuesday, the first since his reelection. Although the economy is healthier than it was four years ago, growth remains slow and unemployment high. Obama announced that the U.S. will begin talks with the European Union on a trans-Atlantic trade agreement. He also called for increased spending to fix roads and bridges and the first increase in the minimum wage in six years. The president also challenged deeply divided lawmakers to find compromises to avoid massive, automatic spending cuts that are scheduled to take place March 1. The government reported that Americans��� spending at retail businesses and restaurants slowed last month after higher taxes cut their paychecks. Retail sales growth slowed to 0.1 percent in January, from a 0.5 percent increase in December. The Nasdaq composite rose 10.38 points to 3,196.88. As stocks have advanced this year, bond prices have slumped. The yield on the 10-year Treasury note, which moves inversely to its price, rose 4 basis points to 2.02 percent. The yield on the note has risen more than 30 basis points since the start of the year. Calif. insurers urged to end Iranian investments SACRAMENTO (AP) ��� Just eight of the 1,300 insurance companies doing business in California have holdings in Iran���s energy, military and nuclear industries, state Insurance Commissioner Dave Jones said Wednesday, down from 50 in 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 2009 when the department began publicly naming them. The state Department of Insurance has sought to encourage companies to divest from Iran, which is on the U.S. State Department���s list of designated terrorist-sponsoring states 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. 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Jones reiterated that stance in a news conference Wednesday. He does not have the legal authority to require the companies to divest from Iranian companies, but said he believes the investments are a financial risk. ������Insurance companies investing in companies doing business with the military, nuclear or energy sectors of the Iranian economy are making a risky investment,������ Jones said in a news release. The eight remaining companies are listed on the department���s website, http://www.insurance.ca. gov .