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10A – Daily News – Friday, January 14, 2011 NEW YORK (AP) — Stocks dipped Thursday after a report found that more people applied for unemployment benefits last week. Stocks dip after unemployment rises Wall Street to 2,735.29. The Labor Department said first-time applications for unemployment benefits rose 35,000 from the week before to 445,000. It was the highest level since Octo- ber and above what econo- mists had predicted. ‘‘It was a disappointing number,’’ said Kim Caugh- ey Forrest, an analyst at Fort Pitt Capital. Merck & Co. fell 6.6 percent to $34.69 after announcing that clinical tri- als of its cardiovascular drug vorapaxar would be discontinued for some patients. Merck fell the most among the 30 stocks that make up the Dow Jones industrial average. Home Depot Inc., which gained 1.3 percent, led the index. YEARBOOK This would probably be it: If Red Bluff had a Losses were spread across the market. Seven of the 10 company groups that make up the S&P 500 fell. Materials companies had the largest move, falling 0.8 percent. Whole Foods Market Inc. jumped 4.6 percent to $52.31 after an analyst said that the company’s shares would continue to rise because its customers are willing to pay higher costs for food. The company is up nearly 80 percent over the last year. The Dow fell 23 points, or 0.2 percent, to 11,731.9. The Standard and Poor’s 500 lost 2, or 0.2 percent, to 1,283.76. The Nasdaq com- posite lost 2, or 0.1 percent, ★★ ★ The Labor Department also reported Thursday that wholesale prices in Decem- ber rose by the largest amount in nearly a year, as a result of higher energy and food costs. Most other prices rose only slightly, suggesting inflation isn’t spreading through the econ- omy. A decline in the dollar helped limit stock losses. 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 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 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 NEED SPACE? Start the New Year off right! MOVES YOU IN Some restrictions apply Good through 1/31/11 CALL NOW FOR RATES! The dollar lost 1.1 percent against an index of six cur- rencies after successful bond auctions by Spain and Italy pushed the euro higher. The dollar’s slide helps U.S. companies that rely on WASHINGTON (AP) — Rising wholesale prices for food and energy are putting pressure on manu- facturers and retailers to pass higher costs to cus- tomers. It’s a trend that could raise inflation in the United States and slow economies in Asia and Latin America. U.S. gas prices have topped $3 a gallon, and grain prices have reached a 2 1/2-year high. Some law- makers say the increases illustrate the need for exports by making their prices more competitive overseas. After the market closed, Intel Corp. reported that its income rose 48 percent last quarter. That easily beat tighter limits on specula- tion in commodities mar- kets. Airlines, clothing manu- facturers and some grocery stores have already raised retail prices. And even those companies that have resisted increases because they worry that customers can’t afford them may be more reluctant to hire because of the squeeze. Some economists expect prices to rise faster this year than last, although not fast enough to cause analyst estimates. Bond prices rose, push- ing their yields lower. The yield on the 10-year Trea- sury note fell to 3.30 per- cent from 3.35 percent late Wednesday. Higher commodity prices may spur inflation policy changes at the Fed- eral Reserve, which has the power to raise interest rates to keep inflation in check. And though the higher prices could be a drag on consumer spending, they shouldn’t derail the overall economy, economists say. The price of corn, soy- beans, wheat and other grains has shot up since last summer as bad weather has hammered harvests in Rus- sia, Australia and Argenti- na. That raises the cost of feeding livestock, and in turn raises prices for beef and poultry. Oil prices, cur- rently at about $92 a barrel, are rising because of strong demand from fast-growing developing countries. 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 A Clean, Reliable, Trustworthy, Chimney Company... Possible? ”Their tarps are always clean and my home is always clean afterward. What I like best is their reliability and quality.” “I can trust them!” Dr. Evan Reasor Flue Season 527 3331 THE Chimney Professionals