Red Bluff Daily News

January 11, 2011

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8B – Daily News – Tuesday, January 11, 2011 NEW YORK (AP) — Stocks indexes were mostly lower on Monday, with telecommunication compa- nies leading the way down. AT&T Inc. fell the most out of the 30 stocks that make up the Dow Jones industrial average. Its com- petitor, Verizon Wireless, is expected to announce Tues- day that it will start selling Apple Inc.’s iPhone, break- ing AT&T’s long hold on iPhone customers. AT&T’s stock dropped 1.8 percent to $28.34. Apple gained 1.9 percent to $342.45. Telecoms lead stocks lower; Europe falls Wall Street country’s largest utilities. Duke fell 1.2 percent to $17.58. reports. After the market closed, Alcoa Inc. reported that rising sales of alu- minum products helped it turn a profit of 24 cents a share in its fourth quarter. The results topped analysts’ estimates of 18 cents a share. The week started with Stocks spent most of the day lower ahead of the latest round of corporate earnings Auto Recycling Inc. *WILL PAY CASH FOR JUNK CARS* Quality Used Parts for Less 824-2880 10 ACRES OF INVENTORY Highway 99W & Capay Road (Halfway between Corning & Orland) 22521 Capay Road, Corning CA. 96021 Mon-Fri 8am-5pm • Sat. 9am-2pm All Star • DOMESTIC • FOREIGN • PICK-UPS news of two big corporate deals. DuPont, a major chemical company, said it would buy a Danish food maker for $5.8 billion. Duke Energy Corp. said it will buy Progress Energy Inc. in a $13 billion deal that would create one of the BOOK BARN 619 Oak St., Red Bluff (530) 528-2665 Tues-Fri 10am-5pm Sat. 10am-2pm Happy New Year Thank you to all our loyal customers. 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Telecommunications companies fell the most, 1 percent, followed by utili- ties and energy. 3M Co. led the 30 stocks that make up the Dow with a 1 percent Herb Shop • VITAMINS • MINERALS • HERBS Suite #E, Red Bluff, CA 96080 (530) 528-2930 499 As low as (6) Pc Louis Philippe…$699 (6) Pc Cherry……...…. $799 (6) Pc “Barn House”....$999 DINING ROOM SETS SEALY POSTUREPEDIC FIRM $ 399 2 PC Queen Set (5) Pc Country Set .....$399 (5) Pc Pedestal Set ....$499 (5) Pc Henley Formal..$799 Twin 2pc set.........$299 Full 2 pc set..........$379 Cal King 3pc set...$699 WINSLOW FIRM $ 299 2 PC Queen Set Twin 2pc set........$229 Full 2 pc set.........$269 Cal King 3pc set..$499 LIVING ROOM SETS $ 499 2 PC Set Microfiber Sofa/Love*...$699 Sectional & Ottoman*..$799 www.chicofurnituredirect4u.com CALL 530-965-2826 Leather Sofa/Love*.......$899 * Oak Frame Construction Lifetime Warranty many more sale items 333 So. Main St. Balance Essentials 50% off gain. The Nasdaq index post- ed small gains thanks in part to Apple and Netflix Inc., which jumped 4.8 percent. Playboy Enterprises Inc. soared 17 percent after agreeing to be taken private by a group of investors led by the company’s founder, Hugh Hefner. European stocks fell after a German magazine reported that France and Germany are pressing Por- tugal to accept outside aid to keep Europe’s financial cri- sis from spreading. Portugal has denied that it needs to do so. If the country asks for help it will join Greece and Ireland as the third member of the European Union to PROVIDENCE, R.I. (AP) — Reality TV star Richard Hatch violated the terms of his supervised release by failing to refile his tax returns, a judge ruled Monday, but he said he had- n’t decided whether to put the ‘‘Survivor’’ winner back behind bars. He delayed sentencing until he could receive additional argu- ments. Hatch, who was convict- ed in 2006 of failing to pay taxes on the $1 million prize he won on the debut season of the CBS reality series, LINDA M. FOURBY, LUTCF Authorized Independent Agent BlueShield of California Anthem® Bluecross • Individual • Small Group • Medicare Supplements • Part D Prescriptions (530) 529-2369 805 Walnut St., Red Bluff CA Lic.#0C05427 tap its neighbors for a bailout. Italy, Spain and Portugal are each scheduled to sell bonds this week. If the sales go poorly it could further weaken confidence in Europe’s financial system. ‘‘Italy and Spain are the big wildcards,’’ said Paul Zemsky, the head of asset allocation at ING Invest- ment Management. ‘‘If they got into trouble there’s not enough money to bail them out.’’ No major economic reports came out Monday. On Friday, the Labor Department said that employers added fewer jobs in December than analysts expected. That report spent more than three years in federal prison and was then placed on three years of supervised release. He was released in 2009 and has been living in Newport. Federal authorities accuse him of violating the conditions of his release by failing to file amended tax returns for the years 2000 and 2001, as required by a judge at the time of his sen- tencing. ‘‘I don’t think the ques- tion of a violation in itself is really in any doubt,’’ U.S. District Judge William Crafter’s Boutique M-TH 11-5 • Fri 11-8 • Sat 11-3 COME & SHOP 50 CRAFTERS IN 1 SHOP! Or Rent a Space to Sell Your Crafts Gifts for family & friends Plenty of parking on Pine Street 650 Main St., Red Bluff 530 528-2723 helped push the S&P down 0.2 percent. Oil companies fell after a pipeline in Alaska was shut down because of a leak. Exxon Mobil Corp. fell 0.6 percent and Chevron Corp. gave up 1 percent. Bond prices rose slightly, pushing their yields slightly lower. The yield on the 10- year Treasury note fell to 3.29 percent from 3.33 per- cent late Friday. The yield is used to set interest rates on many kinds of loans includ- ing mortgages. Rising shares outnum- bered falling shares by a slight margin on the New York Stock Exchange. Con- solidated volume was 4.1 billion shares. ‘Survivor’ winner broke terms of release Smith said, adding that Hatch appears to have a track record of mocking the court system and alleging unfair persecution. He said he could put Hatch back behind bars for the remaining two years of his supervised release if he finds that Hatch willfully violated the terms of his freedom, as prosecutors allege. The judge ordered prosecutors and Hatch’s lawyer to file new paper- work and said Hatch would be sentenced later. The Internal Revenue Service says that as of last February, Hatch owed about $1.7 million in taxes for 2000 and 2001 — including interest and penalties. But Hatch has appealed that finding to the U.S. Tax Court, and his amended tax returns cannot be filed until after his appeal is conclud- ed, argued Hatch’s federal public defender, Mary McElroy. Chris’

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