Red Bluff Daily News

December 17, 2013

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8B Daily News – Tuesday, December 17, 2013 INTERCITY BODY & PAINT FLYING Complete Autobody Repair Factory Trained Specialists In: • Painting • Fiberglass Repair • Exotic Metals • Color Matching • Frame Repair • Spray-In Bedliners • All Auto Manufacturers • Rental Cars Available We accept all Insurance Carriers 530 529-2040 1355 Vista Way, Red Bluff 716 6TH St, Corning 530-824-4546 Family business, owned & operated DOMESTIC & EUROPEAN AUTO REPAIR Certified Mechanic Smog, Brakes, Diesel Smogs, Oil Change, Transmission, Alignment & More flyingaperformance@att.net Come Join Us Hoyt-Cole Chapel of the Flowers 816 Walnut St., Red Bluff, CA 96080 In the midpoint of the year, and as its beginning and end, we remember them. Please bring us a photo of your loved one to be placed in a complementary ornament. Photo's are being collected until the December 18th Service US stocks rise on signs of stronger economy NEW YORK (AP) — Stocks broke through a slump and posted strong gains on Monday, powered by two big corporate deals and a report that suggests the economy is getting stronger. The Dow Jones industrial average is now up two trading days in a row and has reduced some of the losses from last week. It was the first gain in five days for the Standard & Poor's 500 index. Stocks have turned volatile ahead of a Federal Reserve meeting that begins Tuesday, as investors bet on whether the central bank will dial back the stimulus that has boosted stock prices this year. All of the big indexes are up more than 20 percent for 2013. Karyn Cavanaugh, market strategist with ING U.S. Investment Wall Street Management, said she doesn't expect such large returns next year — maybe more like 10 percent. ''But that's actually good for investor confidence,'' she said. ''When they see these big huge numbers, I think they look at it with kind of a jaded eye and think, 'Is that really sustainable? Maybe it's already run its course so I want to get out.''' As of 3:26 p.m. Eastern time, the Dow was up 134 points, or 0.9 percent, at 15,890, after rising almost 175 points in the morning. The Standard & Poor's 500 index rose 12 points, or 0.7 percent, to 1,787. The Nasdaq composite was higher by 27 points, or 0.7 percent, at 4,028. 1/2 OFF first month rent! ❄ Independent Living ❄ Private Apartments ❄ Three Nutritious Meals Daily ❄ 24 Hour Secure Environment ❄ House Keeping Services ❄ Warm & Friendly Staff ❄ Recreational Programs ❄ Scheduled Transportation ❄ Private & Formal Dining Rooms A Retirement Community for the Active Senior Citizens 750 David Avenue, Red Bluff • 527-9193 EQUAL HOUSING OPPORTUNITY Two major deals caught investors' attention: Chipmaker Avago Technologies is buying LSI Corp. for $6.6 billion. Avago was up $4.47, or 10 percent, to $50.12, while LSI rose $3.05, or 39 percent, to $10.97. And AIG is selling its aircraft leasing business for about $5.4 billion to Dutch leasing company AerCap. AIG has been selling major assets after getting a bailout during the financial crisis. Its shares rose 50 cents, or 1 percent, to $50.23. The Avago-LSI deal helped make tech stocks the biggest gainers among the 10 industries in the S&P 500, all of which rose. Others with gains included computer hard drive makers Western Digital and Seagate, which both benefited from analyst upgrades. Also Monday, the Federal Reserve said factory production accelerated in November as auto production surged. The gains in manufacturing could help boost economic growth. Just last week, such positive reports were making investors nervous. That's because they feared that the Fed would think that the economy is doing so well that its $85 billion in monthly bondbuying is no longer needed. KWIK KUTS Family Hair Salon 20 % off ANY RETAIL PRODUCT with any chemical service of $50 or more 200 Regular $ Haircut off Reg. $13.95 Not good with other offers Expires 12/31/13 With coupon 1064 South Main St., Red Bluff • 529-3540 We will be honoring your loved ones with a remembrance ceremony. Wednesday, December 18, 2013 at 7:00 P.M. Light refreshments will be provided and music by North State Symphony members. Questions' please call 527-1174 FD652 www.expresspros.com

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