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8A – Daily News – Tuesday, November 16, 2010 NEW YORK (AP) — Stocks slumped to a mixed finish Monday as the dollar posted its second day of gains over concerns that Europe is on the edge of another bailout. Investors believe that Ireland may seek help from its fellow mem- bers in the European Union as its economy sputters. The dollar also spiked in May when Europe bailed out Greece. Ireland’s finances are under strain after the govern- ment bailed out five banks after the coun- try’s real estate boom collapsed. Stocks finish mixed as dollar gains strength Wall Street seven months. Consumer spending rose 1.2 percent last month thanks to higher demand for automo- biles, the Commerce Department reported. The gain was nearly double what analysts were expecting. Shares of Ford Motor Co. rose 4.3 percent following the announcement. Treasury prices fell The rising value of the dollar, which hurts U.S. exports, resulted in stocks paring their gains late in the day. Stocks had risen for most of the day follow- ing following a spike in corporate dealmaking and news that retail sales in October jumped to the highest level in following stronger the economic data and a backlash against the Federal Reserve’s recent bond-buying pro- gram intended to spur the ecnoomy. The price drop sent interest rates to their highest levels in more than three months. Bond yields and prices move in opposite direc- tions. Caterpillar Inc., the world’s largest con- struction machinery Starting November 1st See all our current coupons and specials on Facebook at Perkos Cafe North State REUSABLE COUPON! Café Potato Cakes Two potato cakes topped with sour cream. Served with 2 eggs scrambled with minced ham, topped with cheddar cheese. Good ALL day for ALL in party. Nov. 1st thru 30th, 2010 Present coupon when ordering as often as you like during November. Dine-in only. Not valid with any other discounts. Fish & Chips REUSABLE COUPON! Two golden fillets dipped in beer batter and served with french fries and tartar sauce & Cole Slaw. Good ALL day for ALL in party. Nov. 1st thru 30th, 2010 Present coupon when ordering as often as you like during November. Dine-in only. Not valid with any other discounts. $499 $599 Specials also available at our Redding & Anderson locations. 201 Antelope Blvd. Red Bluff • (530) 528-2360 maker, said it would buy mining equipment maker Bucyrus Interna- tional Inc. for $7.6 bil- lion in cash, a 32 per- cent premium over the company’s closing price on Friday. Shares of Caterpillar rose 1 per- cent. Data storage compa- ny EMC Corp. also announced that it had reached a deal to buy competitor Isilon Sys- tems Inc. for $2.2 bil- lion in cash. It is offer- ing $33.85 per share, a 29 percent premium over its closing price on Friday. The push for mergers and acquisitions is a good sign for investors, said Uri Landesman, the president of Plat- inum Partners, a hedge fund in New York City. ‘‘It’s a statement that companies are moving out from under the bombshells of 2008 and 2009 and that they don’t think there will be another disaster,’’ he Gratitude is the Memory of the Heart said. Juan Baptiste November is the month of Express your thankfulness by giving to those in need. Family Resource Center Food Drive to benefit Red Bluff and receive 40% off your next jewelry purchase 530 528-8000 Gold Exchange 423 Walnut St. Red Bluff expires 11/24/10 Premier Edition YOU and your Family can be represented in the Of the “Tehama Country” Christmas Album Deadline for Public Submissions: Wednesday, December 1 To be published as a magazine supplement to the Daily News on Saturday, December 11 • Share an original story of “Christmas Past” • Write a Christmas Poem • Send a family Christmas Recipe • Submit original Christmas photos or artwork $100 Award first place per category (story, poem, recipe, photo or artwork) $50 runner up per category * Before submitting, read full submission and contest instructions published in Announcements in the Daily News Classifieds Be part of a new “Tehama Country” Christmas Tradition! Send via email: clerk@redbluffdailynews.com Or mail or deliver to the Daily News 454 Diamond Ave., PO Box 220 Red Bluff, CA 96080 Remember –Deadline for our receipt of submissions is Wednesday, December 1 D NEWSAILY RED BLUFF TEHAMACOUNTY President Larry Mikkelsen and members Jim Smith, Jerry Smith, David “Cooky” Oliver, Darren McDonald, and Rick Kincannon collected turkeys & hundreds of can goods for the Salvation Army Food Bank. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Now, we need to collect Turkeys/Hams, Stuffing, and Cranberry sauce as our “Thanksgiving Give Out Days” are 11/18, 11/22, and 11/23/10. Thank you for your support!! Contributions may be sent to: The Salvation Army, P.O. Box 935, Red Bluff, CA. 96080 www.redbluffsalarmy.org 9:30 a.m., to 6:00 p.m. for Custom Wreaths & Designs Call 527-4578 or 526-4578 Dec. 9, 10 & 11 Thu.-Fri.-Sat. Corporations are holding records amount of cash on their balance sheets. Using that cash to buy rivals or to expand into new areas could be a sign that companies are less con- cerned about the possi- bility that that economy will slide into another recession soon. The Dow Jones industrial average rose 9.39, or 0.1 percent, to close at 11,201.97. It had been up as much as 88 points earlier. The broader Standard & Poor’s 500 index fell 1.46, or 0.1 percent, to 1,197.75, while the technology-focused Nasdaq composite CHRISTMAS BOUTIQUE for Red Bluff Garden Club SCHOLARSHIP Tehama County High Schools 216 Pine St. Red Bluff Victorian House, corner of Rio & Pine ALL FRESH WREATHS, ARRANGEMENTS AND MORE index fell 4.39, or 0.2 percent, to 2,513.82. Six out of the 10 industry groups within the S&P 500 index fell. Companies in the mate- rials industry fell the most, down 0.9 percent. Financial companies posted the index’s largest gains with a 0.4 rise. JP Morgan Chase gained 1.3 percent to become the top stock among the 30 compa- nies that make up the Dow. Walt Disney’s 1.3 fall made it the laggard. In addition to Ire- land’s debt woes, investors are also wor- ried about international pushback on the Federal Reserve’s plan to buy $600 billion in Treasury bonds, which U.S. trad- ing partners say will further weaken the dol- lar. Yields for Treasury 6am-2pm* Now on Facebook M-F Thanksgiving Dinner Rolls Deadline: Mon. Nov. 22nd Starting Nov. 1st Taking orders for Milling Wheat into Flour Made with Organic & Local Ingredients 446 Antelope Blvd. #38 Left side of Antelope Holiday Mkt 529-1687 bonds rose for the third straight day, lifting interest rates to their highest level in four months. The 10 year Treasury bond’s yield rose to 2.95 percent, the highest since before the Federal Reserve announced that it would spend $600 billion to buy bonds in an attempt to spur the economy. The Fed’s plan came under another round of criticism on Monday after economists, hedge fund investors and his- torians tied to Republi- cans called on the Fed to halt its effort. The group believes that the Fed’s plan may result in rampant inflation and a weaker dollar. Gaining and falling shares were even on the New York Stock Exchange, where con- solidated volume came to 3.6 billion shares. Fibromyalgia? Please call Suffering With (530) 529-6544 Rory Lengtat, D.C. THANK YOU to the Bikers of Nor-Cal!! Rosser’s Bakery & Specialty Foods