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6B Daily News – Thursday, January 16, 2014 Furniture Depot Up To 235 So. Main St., Red Bluff Retail 50% OFF on select items in stock 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 • SUN. 11:00-5:00 S&P 500 trades above all-time closing high NEW YORK (AP) — The Standard and Poor's 500 index topped its alltime closing high Wednesday as investors bid up stocks of financial and technology companies. Bank stocks rose sharply after Bank of America reported that its profit surged to $3.44 billion in the fourth quarter. Apple was up 2 percent. KEEPING SCORE: The S&P 500 gained 11 points, or 0.6 percent, to 1,849, shortly after 3 p.m. Eastern time. That was one point above its closing high on Dec. 31, 2013. The Dow Jones industrial average was up 127 points, or 0.8 percent, to 16,501. The Nasdaq composite rose 34 points, or 0.8 percent, to 4,217. BANK EARNINGS: Bank of America climbed 2.6 percent after it reported a jump in earnings. The Wall Street loans on its balance sheet continue to improve, and the bank's provision for credit losses fell to $336 million, from $2.2 billion in the same period a year earlier. Even its mortgage division, which took huge losses after the housing bubble popped, improved. TECH SURGE: Apple and Microsoft both rose more than 2 percent. On Friday, Apple plans to start selling its iPhone in China through China Mobile, the largest carrier there. FASTENAL DROP: The industrial supply company dropped the most in the S&P 500, down 5.3 percent, after reporting that it missed fourth-quarter earnings by a penny. The stock slumped $2.54 to $45.67. 3-D PRINTER TUM- BLE: Shares of 3-D printer company ExOne fell $4.90, or 8 percent, to $57.436 after cutting its revenue forecast for the year. The North Huntington, Pa., company cited deferred orders from international customers. WATCH THOSE REVENUES: After years of squeezing more and more profit out of every dollar of revenue, companies will have to lift that top line to hit their earnings targets for this year, said Joseph S. Tanious, global market strategist at JPMorgan. But he's optimistic. ''You will see strong revenue growth,'' he said. Tanious said a 4 percent to 6 percent increase in S&P 500 earnings per share shouldn't be ''too difficult.'' WHOLESALE PRICES UP: U.S. wholesale prices increased in December, as gasoline prices rose along with other energy costs. Overall inflation remained mild. The Labor Department said the producer price index, which measures costs before they reach the consumer, rose 0.4 percent last month. FEAR TRADE EBBS: The Federal Reserve's ''Beige Book'' survey showed economic growth remained healthy in most regions, helping bolster the belief that the U.S. economy will grow faster in coming months. The report followed one on Tuesday showing strong retail sales during the holiday season. Investors sold safe-haven investments like Treasurys and gold. The yield on the 10-year Treasury note, which moves opposite its price, rose to 2.89 percent from 2.87 percent on Tuesday. Gold fell $7.10, or 0.6 percent, to $1,238.30 an ounce. 'Wardens' producer fined, filmed without permit HELENA, Mont. (AP) — The producer of the cable television show ''Wardens'' has been fined $1,500 and ordered to forfeit footage shot on U.S. Forest Service lands in Montana last summer with- out a permit. Mitch Petrie pleaded guilty to the misdemeanor on Tuesday, the Independent Record reported. Petrie said his company began shooting without a permit because it had an 741 Main Street, Suite #2 Red Bluff, CA 96080 1-800-287-2187 (530) 527-2187 C & C PROPERTIES An Independently owned and operated Member of Coldwell Banker Residential Affiliates. RESIDENTIAL 3/2, 1,780 SF. Producing Walnuts. 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Court records said the Forest Service rejected a June 19 application for a commercial filming permit after learning Minnesota- Sheet Metal Roofing Residential Commercial • Composition • Shingle • Single Ply Membrane "No Job Too Steep" " No Job Too Flat" Serving Tehama County No Money 530-527-5789 530-209-5367 CA. LIC#829089 Down! FREE ESTIMATES Owner is on site on every job based Muddy Boot Productions had already been filming on forest lands. Court records said the company also filmed on forest lands on July 6, after the permit was denied. The cable TV show that chronicles the lives of conservation officers received a similar citation in 2011 for two days of filming in Montana. It had the proper permits in 2012. 530-366-3166 545 Adobe Rd. Red Bluff www.redbluffdodge.com All makes and models. We perform dealer recommened 30K, 60K, 90K Members Welcome SERVICES AT LOWER PRICES When you have an Urgent Health Care need we have the answer. 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