Red Bluff Daily News

October 10, 2013

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8B Daily News – Thursday, October 10, 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 30th Anniversary Sale Additional 30% OFF SALE PRICES On Selected Flex Steel Sofas • Lane Recliners • Simmons Mattress Sets and more. Stocks end mostly higher on signs of compromise NEW YORK (AP) — Signs that lawmakers are making moves to end a stalemate in Washington and avert a U.S. government debt default halted a slump on the stock market Wednesday. President Barack Obama is making plans to talk with Republican lawmakers at the White House in the coming days as pressure builds on both sides to resolve their deadlock over the federal debt limit and the partial government shutdown before the U.S. Treasury's borrowing authority is exhausted next week. The stock market's losses accelerated at the start of this week as the shutdown dragged on and both the White House and House Republicans appeared to be coming more entrenched in Wall Street their positions. The Standard & Poor's 500 index has fallen about 4 percent since climbing to a record on Sept. 18. ''We were quite oversold,'' Alec Young, a global equity strategist at S&P Capital, said of the market's moderate recovery on Wednesday. ''For this really to have any legs, though, we need to see signs of compromise in Washington.'' The S&P 500 index gained 0.95 points, or 0.1 percent, to 1,656.40. The index lost 2 percent in the first two days of this week as concerns grew that politicians would fail to reach a deal before the government hits its debt ceiling on Oct. 17. The Dow Jones industrial average rose 26.45 points, or 0.2 percent, to 14,802.98. The Nasdaq composite fell 17.06 points, or 0.5 percent, to 3,677.78. The pace of companies reporting third-quarter earnings is also picking up this week, giving investors better insight into how corporate America is doing. Yum Brands, the owner of KFC, Taco Bell and Pizza Hut, was the biggest decliner in the S&P 500 index after its earnings fell short of Wall Street's expectations. The discount retailer Family Dollar also slumped after giving a cautious earnings forecast for next year. ''It looks like there has been some disappointment in the early earnings already,'' said Colleen Supran, a principal at San Francisco-based Bingham, Osborn & Scarborough, an investment adviser and asset management company. Yum Brands slumped $4.82, or 6.8 percent, to $66.48. Sales in China have grown weaker and the company cut its full-year earnings forecast after the closing bell Wednesday. Family Dollar fell 74 cents, or 1.1 percent, to $68.71. In a move that many investors regarded as a positive for stocks, the White House nominated Federal Reserve Vice Chair Janet Yellen for the top position at the central bank. Investors expect Yellen to continue the aggressive economic stimulus policies championed by the outgoing Chairman Ben Bernanke. RUNNINGS ROOFING The STOVE JUNCTION BBQ PELLETS Sheet Metal Roofing Residential Commercial • Composition • Shingle • Single Ply Membrane The North State's premier supplier of stoves Now in Stock! "No Job Too Steep" " No Job Too Flat" Popular customer request Serving Tehama County No Money 530-527-5789 530-209-5367 CA. LIC#829089 Over 25 years of experience Serving Butte, Glenn & Tehama Counties Tues-Sat 9am-5pm • Closed Sun & Mon Down! FREE ESTIMATES 22825 Antelope Blvd., Red Bluff 530-528-2221 • Fax 530-528-2229 www.thestovejunction.com Owner is on site on every job 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. FOR 24/7 PROPERTY INFO CALL 1-888-902-7253 FORECLOSURES AND HOMES UNDER $200,000 2 BD 1 BA 720 Sq Ft 0.85 AC $109,900 Prop Code4339 3 BD 1 BA 1,166 Sq Ft 0.22 AC $110,000 Prop Code 4759 3 BD 2 BA 1,092 Sq Ft 0 AC $128,000 Prop Code 4519 3 BD 2 BA 1,312 Sq Ft 0 AC $130,000 Prop Code 4719 3 BD 1 BA 1,000 Sq Ft 0.57 AC $136,000 Prop Code 4579 2 BD 1 BA 1,356 Sq Ft 0.37 AC $149,000 Prop Code 4109 3 BD 1 BA 960 Sq Ft 0.26 AC $149,900 Prop Code 4689 2 BD 2 BA 1,152 Sq Ft 0.11 AC $163,000 Prop Code 4919 3 BD 2 BA 1,224 Sq Ft 0.381 AC $169,000 Prop Code 4119 3 BD 2 BA 1,702 Sq Ft 0.45 AC $177,800 Prop Code 4559 4 BD 3 BA 1,543 Sq Ft 0.9 AC $179,500 Prop Code 4139 3 BD 2 BA 1,750 Sq Ft 0.25 AC $180,000 Prop Code 4859 Let Our Knowledgeable And Professional Staff Assist You With All Your Real Estate Needs Today ! See All Tehama County Listings at www.redbluffcoldwellbanker.com TEHAMA COUNTY REAL ESTATE TEAM • OPEN 7 DAYS A WEEK

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