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8B – Daily News – Thursday, January 13, 2011 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 NEW YORK (AP) — Hopes that banks would start raising their divi- dends sent financial stocks sharply higher Wednesday. Indexes closed at their highest lev- els in more than two years after a successful bond auction in Portugal eased worries about Europe’s debt crisis. Portugal borrowed $1.6 billion at a lower long-term interest rate than many expected. Investors have been con- cerned that Portugal will JANUARY struggle with its debts and become the third Euro- pean country to require a bailout after Greece and Ireland. Analysts cautioned that it’s still possible Por- tugal could need a finan- cial lifeline if its economy slips back into recession this year. Savings up to 50% - 60% off Retail through out the store 12 month 0% financing Stocks close higher as worries about Europe ease Wall Street ‘‘Things are not resolved completely here,’’ said Rob Lutts, president and chief invest- ment officer of Cabot Money Management. Banks led the market higher after an analyst at Wells Fargo Securities issued a report saying their earnings should 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. We are looking forward to serving you in 2011 Jack & Linda Gaines YEARBOOK This would probably be it: If Red Bluff had a grow much faster than other companies this year. He also said banks were likely to distribute more of their earnings to shareholders as divi- dends. JPMorgan Chase & Co. rose 2.5 percent to $44.71 after the compa- ny’s CEO, Jamie Dimon, told CNBC late Tuesday that the bank hopes to raise its dividend in the second quarter. JPMor- gan’s stock led the 30 large companies that make up the Dow Jones industrial average, fol- lowed closely by Bank of America. Bank of Ameri- ca gained 2 percent to $14.99. 50% to 60% off MATTRESS Savings up to Furniture DEPOT (While supplys last) HOURS: MONDAY-FRIDAY 9:00-6:00 SATURDAY 9:00-5:00 • SUNDAY 11:00-5:00 235 S MAIN ST., RED BLUFF • 527-1657 www.thefurnituredepot.net City and County Information Recreation Guide Local places of interest City Map & Street Guide Schools Directory Church Guide Public Services Calendar of Events …and more! Glossy stock Magazine Format 10,000 distribution 7,000 as a special insert to the 3000 print for distribution to visitors, new and prospective residents through Chambers of Commerce, hotels and Information Centers D NEWSAILY RED BLUFF TEHAMACOUNTY At redbluffdailynews.com, scroll to the end of any story, click the link and type away. 24/7 presence online version on www.redbluffdailynews.com for a full year, with links provided to Chamber of Commerce, RB City and County websites. Businesses: Make sure YOU are part of it! Advertising Space Reservation Deadline: Friday, February 4 at 5 PM Advertising Representative Today! 527-2151 Call your Daily News Local AMERICAN SELF-STORAGE ★★ ★ 64 Mulberry Ave., Red Bluff • 527-1755 • Fully Fenced • Onsite Manager • Well Lit Property website: www.americanselfstorage.biz • RV & Vehicle parking now available $11 NEED SPACE? Start the New Year off right! MOVES YOU IN Some restrictions apply Good through 1/31/11 CALL NOW FOR RATES! The Dow rose 83.56 points, or 0.7 percent, to close at 11,755.44. That’s the Dow’s highest close since Aug. 11, 2008. The Standard & Poor’s 500 index also reached its highest level since Aug. 28, 2008. The index gained 11.48, or 0.9 per- cent, to 1,285.96. The Nasdaq composite rose 20.50, or 0.8 percent, to 2,737.33. ITT Corp. jumped 16 percent to $61.50 after the defense contractor said it would split itself into three publicly traded companies. ITT plans to separate its defense and information, water tech- nology and industrial products divisions. That should make it easier for investors to understand the company’s various businesses, said Robert Pavlik, chief market strategist with Banyan Partners. American International Group Inc. slipped 1 per- cent to $58.40 after the company agreed to sell its stake in Taiwan’s third- largest insurer for $2.2 billion. The deal is part of AIG’s plan to raise money to repay the $182 billion it received in government bailout funds. More than two stocks rose for every one that fell on the New York Stock Exchange. Volume was 964 million shares. CARE TO COMMENT?