Issue link: https://www.epageflip.net/i/199146
Friday, October 25, 2013 – Daily News 5B Higher profits from Ford, others drive stocks up NEW YORK (AP) — Another dose of strong corporate earnings, this time from Ford, Southwest Airlines and others, helped push the stock market higher on Thursday. It's one of the busiest weeks on Wall Street for corporate earnings. Roughly a third of the S&P 500 will report results, including some of the world's best-known companies. For investors, this week has also been a welcome return to business as usual. Wall Street has been focused for weeks on what's going on in Washington, with the government shutdown, the nearbreach of the nation's borrowing limit and questions about what's next for the Federal Reserve's massive Wall Street bond-buying program. So far, corporate earnings have come in pretty much as most money managers expected. Companies are reporting bigger profits, but most of the growth has come from cost-cutting, a trend that hasn't changed very much since the financial crisis. ''We're in a slowgrowth economy and companies need to do everything to boost earnings,'' said Brian Reynolds, chief market strategist at Rosenblatt Securities. The Dow Jones industrial average rose 95.88 points, or 0.6 percent, to 15,509.21. The Standard & Poor's 500 index added 5.69 points, or 0.3 percent, to 1,752.07, roughly three points from the record high of 1,754.67 it reached on Tuesday. The Nasdaq composite was up 21.89 points, or 0.6 percent, to 3,928.96. Among companies reporting earnings, Ford earned an adjusted profit of 45 cents per share — a record for the third quarter — as sales rose 12 percent to $36 billion. The Dearborn, Mich.-based automaker sold 1.5 million cars and trucks in the period, up 16 percent. Wall Street analysts had expected Ford to earn 37 cents per share, according to FactSet. Ford rose 24 cents, or 1.5 percent, to $17.76. Southwest Airlines, the nation's largest domestic air carrier, reported sharply higher earnings. Southwest said it had an adjusted profit of 34 cents per share, up from 13 cents a year ago. Southwest rose 61 cents, or 4 percent, to $17.02. AT&T fell 65 cents, or 1.8 percent, to $34.63. The telecommunications company said late Wednesday it had an adjusted profit of 66 cents in the third quarter, a penny above analysts' forecasts, however revenue fell slightly short of what analysts expected. Two technology giants, Microsoft and Amazon, reported results after the stock market closed Thursday. Both beat analysts' expectations. Amazon rose 5 percent and Microsoft jumped 6.5 percent in aftermarket trading. Tehama Country THIS Real Estate WEEK Vintage 3/2, corner lot......................................................................................$139,000 3/2 ON .67 ACRES. Hardwood floors, f/p.......................................................$194,000 WOW!! CUSTOM HOME/SHOP/on Mill Creek..Reduced to............................$299,000 BUSINESS OPPORTUNITY, Resort on Mill Creek, financing avail.................$999,000 IMMACULATE mobile on 1.5 acres, in area of orchards.................................$145,000 530-529-2700 314 Washington St, Red Bluff, CA 96080 www.TehamaCountyRealEstate.com WESTERN REAL ESTATE MINCH PROPERTY MANAGEMENT 760 Main St. • 530-527-5514 Commercial Properties For Sale: • 124 S. Jackson, 3.65 acres NOW REDUCED.........$174,500 • 1870 Montgomery (Industrial) ..................................................................2 Acres • 13545 Saint Marys Ave. (Or lease)............................................40,000 sq/ft • 728 Rio Street Rare downtown river front lot ........................$98,000 Commercial Properties For Lease: • 124 S. Jackson ....................................700 sq/ft Fenced Shop, Storage • 731-741 Main St. (Upstairs)...............................................various size suites • 955 Main St. (Suite inside Bank of America building)...................2,995 sq/ft • 560 Diamond Avenue (Vacant Pad)................................................8,000 sq/ft • 1040 Monroe Street (Commercial/Industrial)...........................1,000 sq/ft • 756 Rio Street (Three secure 250 sq/ft suites. No deposit required). Also entire space available.......................................................................1,800 sq/ft OPEN HOUSE Tehama Country Real Estate THIS WEEK online www.redbluffdailynews.com INVESTORS...TURNKEY...Tri-plex with full occupancy $169K,000 GIPSON MLS REALTY INC. Lic#01806926 660 Main St., Red Bluff (530)529-2300 INVESTMENT PROPERTY. 3 units, 1 great price! 3 bedroom/1 bath home, 2 bedroom/1 bath home and a 1 bedroom/1 bath home on a city lot. Move-in Ready. Listed to sell at...$179,000 Ben Gipson, Broker.................................529-2300 Kim Miller, Realtor® ..................................840-0733 Ken Davis, Realtor®.................................209-9059 www.gipsonrealty.com 12.75 ACRES IN COTTONWOOD. Very nice studio w/open kitchen and dining room, living room and faux wall for sleeping area. Includes a detached 2 car garage w/extra rooms & 5 SEPARATE PARCELS for a total of 7.5 acres. Los Molinos bathroom. Property is has perimeter fencing except for across water shares for irrigating and an old 3 bedroom, 2 bath home. All for..........................................................................$230,000 the seasonal pond. Asking.........................................$225,000 M2 ZONING with a 12,000+sf building, located on 14 acres west of Red Bluff. Paved road frontage, heavy industrial zoned, many possibilities. Owners are motivated..................$300,000 ENJOY THE MTN AIR. Comfy 2 bedroom, 1 bath cabin with 3rd room that could be used for sleeping. Beautiful knotty pine thru out, has a wood stove plus a space heater, decking and a detached 1 car garage. Within walking distance to store & restaurant.........$124,000 ALL WEEK Monday thru Sunday 9am to 5pm BE YOUR OWN BOSS. Copy center & print shop in business for over 28 years at same location. Includes a 2,596+/- sf building with 2 rental units, lots of public and some private parking. Plenty of repeat clientele Reduced to...........$675,000 NEW TO THE MARKET. Spacious and clean 2 bedroom, 2 bath mfg. home. Covered front patio, carport and 2 outbuildings. Located in a park on the Sacramento River. .................................................................................... $15,000 Rio Vista Estates Adult park on the river 2 bd, 2 ba #92 $30,900 528-2371 2 bd, 1 ba #124 $29,900 Owner Will Carry Open House Sat 10-26 & Sun 10-27 Noon to 3pm 2317 sq.ft. 3 bed, 2 bath on corner lot. 27.33 PRISTINE ACRES $199,000 Several possible building sites among magnificent oak trees. Near Corning $95,000 2 acres with power along the road.............................................................................$25,000 2 homes on 3.27 acres, fenced and crossed fenced...............................................$145,000 160 acres with cabin................................................................................................$200,000 1586 sq. ft. home in the mountains............................................................................$60,000 20 acres with well and septic, and power along road .............................................. $100,000 10.75 acres with a shop, power, well and septic.......................................................$129,900 3 bed 2 bath home on 5.74 acres with large shop, fenced......................................$237,000 Two river front lots zoned multi family ................................................................ $85,000 ea 15.31 acres with power and community water, several out buildings and year round creek.........$80,000 5.9 acres with power along the road..........................................................................$50,000 5500 sq. ft. Commercial Building That has two suite offices, apartment and warehouse....$190,000 2 bed, 1 bath with bonus room................................................................................................SOLD! Serving all of Tehama County, Northern Glenn County & Southern Shasta Robert Thayer, Owner / Realtor 1704 Solano St, Corning CA, 96021 Call me at (530) 515-3367 for any information on any listing, or listing your own home/business/property. RE/MAX Wells in, power at the road, view of surrounding mountains. 1275 feet of Thomes Creek frontage Near Flournoy store, deli, school. From Interstate 5, take Corning Rd west for 12 miles. Property is to the left immediately after crossing the Thomes Creek bridge. Property is accessed by Corning Rd, Weston Rd, and Paskenta Rd American Dream Email rthayer@remax.net Call Franki Halloran Century 21 Select 916 949-5766 Dramatic Price Reduction!! ON THE RIVER!! $549,500 22399 Adobe RoadSpectacular river front home with a 75' patio, on the edge of the river, 2400sf home on 1/2 an acre. RE/MAX Five Star 2405 Hilltop Drive Don D. Davis Redding, CA 530-524-3137 96002 DRE LIC # 00368854 License # 01486553 590 Antelope Blvd. Bldg. A, Suites 10 & 20, Red Bluff (530) 527-3100 Stromer Realty ~ Specializing in residential to ranches ~ http://redbluff.stromerrealty.com 17915 Red Bank Road 173 Acres $375,000 30973 Manton Road Ranch - Manton CA $699,000 2465 Cimarron Drive $250,000 Grazing land with year around spring fed pond, according to owner. Some acreage near road with Class 2 and 3 soil which could become irrigated pasture with installation of an Ag well, or an orchard. Seasonal creek on property, perimeter fencing with some cross fencing. Wildlife, oak trees, rolling ground. Triple wide comes with land, at no value. There is a separate septic and leach field for the mobile, but no domestic well. Owner will consider carrying some paper. Property is in Williamson Act and approximately six miles from town. 10354 Shasta Blvd. $425,000 A foothill ranch in a beautiful setting! 206 +/- acres with 15 3/8ths inches of miner's water. It features two houses one 960 sq. ft. 2/1 home with a carport, patio and deck; as well as a 2500 sq. ft. manufactured home on a foundation with 4 bedrooms, 2 baths and a double car garage. One part of the property borders the P.G. & E. ditch which has great trout fishing. Immaculately maintained 4 bd, 2 ba, 1,973 sf home located in a highly desirable neighborhood. Four bedrooms -one off master bedroom which could be an office or crafts/sewing room. Vaulted ceiling in great room. Five ceiling fans in home. Many upgrades, including a whole house fan. Owners have installed some sunscreens on windows which have the most sunlight. French doors in master bedroom and kitchen/dining room. Lovely backyard with many larger trees and bushes. New storm door on entrance. Low maintenance landscaping a plus! Storage shed for garden tools. Plenty of space. Great for families! Fabulous 4 bd, 3 ba, 3700 sf house and acreage! A stunning view of Dye Creek Preserve, the eastern foothills and the canyon where the Yahi people lived throughout the back of the house. This view will never be changed as no building will be allowed on the preserve. Eight acres of prunes and space for horses or cattle completes this lovely ranchette. Three quarters of the residence has been completely and beautifully remodeled with great attention to detail. Original Tehama County Cattlemen brands are featured on the living room beams. Twelve ceiling fans, leaded glass doors and window, a formal foyer with marble flooring, huge family/bonus room, custom master suite, tons of storage space, some slate floors, spa room on porch - the kind of home which is rarely available on the market. 11601 A St., L.M. Dairyville Ranch 76.27 +/- acres $499,500 Beautiful small ranch with well kept home. 1566 +/sq. ft. House features a brick fireplace with a wood stove insert, parque flooring in hall and bedrooms, a full dining room and a breakfast nook in the kitchen. Sunshades are installed on front windows and patio sliding door. The rugs are in beautiful condition as the owners have lovingly maintained their home. Located in the Los Molinos Irrigation District, the property has 28 1/2 water shares. The rest functions as dry pasture. Several outbuildings. A large grove of very old producing olives is nearby the house. Seasonal Creek. Three septic systems, one domestic well and stock tank.