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8A – Daily News – Wednesday, November 3, 2010 Salute your Favorite Veteran and send Christmas to our Troops! We’ll run your Veteran’s photo and service info on Stocks rise on Election Day, tech at 2010 high NEW YORK (AP) — Major stock Vet’s name, photo and up to 25 words In the Classified pages of the D NEWSAILY Only 2000 RED BLUFF TEHAMACOUNTY For $ Cash • Check or ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ For each Veteran’s salute placed: We’ll donate $10.00 in your name to Christmas for the Troops The North State organization that sends Christmas Gifts to Soldiers, Sailors and Airmen In the Middle East. On Veteran’s Day we’ll also publish the names of those who honored veterans and supported Christmas for the Troops in a special advertisement. Deadline to place your Veteran’s Salute is Tuesday, November 9 at Noon! Don’t Delay – Time’s a wastin’! Call, email or drop in today! (530) 527-2151 x 103 classified@redbluffdailynews.com D NEWSAILY RED BLUFF TEHAMACOUNTY 545 Diamond Ave., Red Bluff Office Hrs. 8 to 5 PM, MON-FRI FAX (530) 527-3719 indexes rose Tuesday as investors awaited the results of Congressional elections, putting the Dow Jones industrial average near its highest point of the year. The Dow Jones industrial average rose more than 60 points. The Dow has now traded above its 2010 closing high of 11,205 four times over the past two weeks, but failed to close above that level each time. Eric Thorne, an investment adviser with Bryn Mawr Trust Wealth Manage- ment, said many traders have been using the end of the day to take short- term profits. A Republican gain of at least one house of Congress is most likely already reflected in stock prices. The slide of the dollar, which fell against the euro and the yen, helped push stocks higher on Tuesday as investors bought riskier assets. Small companies performed espe- cially well. The Russell 2000, the index that tracks the performance of smaller corporations, jumped 2 per- cent to 712.89. The index is up nearly 14 percent for the year, roughly dou- ble the return of the Dow and the broad Standard and Poor’s 500 index. The Dow rose 64.10, or 0.6 per- cent, to close at 11,188.72. It reached its closing high of 11,205.03 on April 26. The broader Standard & Poor’s 500 index rose 9.19, or 0.8 percent, to 1,193.57. The S&P 500, which is more closely watched than the Dow by professional investors, is also still below its 2010 high of 1,217.28, reached on April 23. The Fed’s purchase of Treasurys hurts the value of the dollar, which fell 0.7 percent today against an index of six other currencies. A weaker dol- lar, in turn, drives the price of gold, oil and other commodities higher. Companies tied to commodities, including Freeport-McMoRan Cop- per & Gold Inc., ExxonMobil Corp. and Alcoa Inc., rose more than 1 per- cent. Broad stock market indexes are up approximately 12 percent since the Fed began hinting that it would begin buying bonds. The size of that rally has some traders anticipating that stock prices will fall after the Fed makes its announcement, regardless of what action it takes. ‘‘What we’re most likely seeing is The technology-focused Nasdaq composite index reached a new high for the year, as tech titans like Apple Inc., Microsoft Corp. and Amazon.com Inc. all gained more than 1.2 percent for the day. The Nas- daq rose 28.68, or 1.1 percent, to 2,533.52. Its previous high for the year was 2,530.15, which came in late April. Uncertainty over the size of the Federal Reserve’s expected stimulus program due Wednesday has kept the market from ending with either big gains or losses in recent days. Traders are waiting for the Federal Reserve to announce plans to buy bonds to spur spending, a process known as quanti- tative easing. a buy-the-rumor, sell-the-fact trade going on,’’ said Nick Kalivas, an equi- ties analyst at MF Global. ‘‘We’ve had a great earnings season so far, so I’m concerned that we’ll get a postelection sell-off from profit-taking.’’ Bond prices rose slightly as investors anticipate the Fed ramping up purchases of government debt in the coming days. That drove the yield on the benchmark 10-year Treasury note down to 2.59 percent from 2.63 percent late Monday. Pfizer Inc. shares dipped after its third-quarter revenue fell short of forecasts. The pharmaceutical compa- ny did, however, beat profit forecasts for the quarter and raised its full-year outlook. Three stocks rose for every one that fell on the New York Stock Exchange, where trading volume came to 913 million shares. Tribune creditor group alleges fraud in 2007 deal SAN FRANCISCO (AP) — A group of credi- tors angling to get more money out of Tribune Co.’s bankruptcy case is alleging that greed and misconduct of the media company’s lenders, advisers and own leaders led to its financial downfall. A committee represent- ing Tribune’s unsecured creditors, which are relegat- ed toward the back of the repayment line, filed two complaints late Monday in an attempt to recover bil- lions of dollars from banks and company insiders. The creditors accuse them of shirking their duties so they could line their pockets. Virtually all the key prin- cipals involved in an $8.2 billion buyout of Tribune Bring in this ad to receive $10 OFF* any *Regular Price. Must present ad at time of purchase Crossroads Feed & Ranch Supply 595 Antelope Blvd. Red Bluff, CA 95080 530-529-6400 Shopcrossroads.net JOIN 4-H Call the 4-H office for information November 23, 2010 527-3101 Last day to join Co. in 2007 are named as defendants in the actions taken in U.S. Bankruptcy Court in Wilmington, Del. The unsecured creditors had been authorized to pursue the claims, technically known as “adversary pro- ceedings,” by U.S. Bank- ruptcy Judge Kevin Carey to preserve their legal rights before the statute of limita- tions expires. Among others, the com- plaints target Tribune Chair- man Sam Zell, the real estate mogul who engi- neered the buyout; other Tribune board members; former CEO Dennis FitzSi- mons; and other former executives. The unsecured creditors also are going after the lenders and advisers that enabled Zell to take over one of the nation’s oldest media empires. 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