Issue link: https://www.epageflip.net/i/25070
8B – Daily News – Saturday, February 12, 2011 MON.-FRI. 9:00-5:30 • SAT. 9:00 -5:00 • CLOSED SUNDAYS FURNITURE DEPOT MATTRESS NEW YORK (AP) — Stocks ended the week with a moderate gain Friday after the resignation of Egypt’s President Hosni Mubarak eased investors’ fears about a spread of violence to oil- producing countries. The Dow Jones industri- al average, down nearly 50 points early in the day as Mubarak tried to remain in office, closed up 44. The price of oil fell to a 10-week low. Investors have been con- cerned during the nearly three weeks of anti-govern- ment demonstrations in Egypt that the unrest could spread to countries like Saudi Arabia, one of the world’s biggest exporters of oil. Traders’ uneasiness did- n’t stop the market from ris- ing in response to strong BOOK BARN Used Books Tues-Fri 10-5 Sat 10-2 Serving Tehama County since 1994 619 Oak St., Red Bluff (530) 528-2665 Meet and his staff of Norcal Aesthetic Plastic Surgery Red Bluff: February 22, 2011 at 6:00 pm @ Coyne Center, 2550 Sister Mary Columba Drive Chico: February 28, 2011 at 6:00pm @ 2035 Business Lane Chico, Oxford Suites Don’t miss the chance to meet Dr. Wong, a board certified Plastic Surgeon as he presents the latest in plastic surgery procedures. You will have the opportunity to have all your questions answered. CHANCE TO WIN DOOR PRIZES 2 Tickets to LADY GAGA Concert March 23 at Arco Arena $200 & $100 Certificate Must be 18 and present to win To attend please RSVP (530) 690-2424 or email us at curtiswongmd@gmail.com Visit our website www.drcurtiswong.com for more info Refreshments provided. MON.-THURS. 9:00-6:00 • FRI. 9:00-7:00 • SAT. 9:00-5:00 • SUN. 11:00-5:00 NORTH VALLEY 235 So. Main St., Red Bluff 527-1657 632 Main St., Red Bluff 527-5837 Mattress Sets & Adjustable Bed Stocks rally after Mubarak relinquishes power Wall Street fourth-quarter earnings, and it didn’t’ stop the Dow from making its first move past 12,000 since June 2008. But Egypt nonetheless has been a nagging concern. “The market is relieved that the unrest in Egypt has come to an end with Mubarak having relin- quished power,” said Peter Cardillo, chief market econ- omist at Avalon Partners. Cardillo noted that news of Mubarak’s resignation came shortly after encour- aging U.S. economic news, a pickup in consumer’s feel- ings about the economy. The University of Michi- gan’s consumer sentiment Alan Wylie Inspector 4950 Mountain Lakes Blvd #B Redding, CA 96003 Mobile: 530/638-1015 TERMITE INSPECTION FREE & SERVICE* or UP TO 15% OFF TERMITE TREATMENT PEST EVALUATION FREE & SAVE 10% OFF PEST CONTROL SERVICE* *NOW OPEN* Bareroot Trees and Berries are in! Time to plant 1 1/2 miles South of Red Bluff 12645 Hwy 99E (530) 529-2546 The Nasdaq composite index rose 18.99, or 0.7 per- cent, to 2,809.44. It rose 1.4 percent for the week. Bond prices rose. While investors were pleased with the developments in Egypt, many were also buying Treasurys, seen as a safe bet when there are political problems overseas. The yield on the 10-year Trea- index rose to 75.1 in Febru- ary, from 74.2 in January, economists said. The index of current conditions rose to 86.8, its highest reading since January 2008. Economists said they expect consumer confi- dence to continue to rise this year as hiring increases and consumers’ finances improve. The next reading on consumer spending comes Tuesday, when the Commerce Department releases retail sales numbers for January. The Dow rose 43.97, or 0.4 percent, to 12,273.26, its highest close since June 2008. For the week, the Dow rose 1.5 percent. The Standard & Poor’s 500 index rose 7.28, or 0.6 percent, to 1,329.15. It rose 1.4 percent for the week. sury note, which is used to help set interest rates on loans including mortgages, fell to 3.64 percent from late Thursday’s 3.71 percent. Egypt is not a major pro- ducer of oil, but it plays a key role in the industry because it controls the Suez Canal, a major route for oil tankers and cargo ships. Crude oil was trading high- er earlier in the day, but fell $1.15 to $85.58 after the news about Mubarak came out. Wael Ziada, head of Egypt research at EFG-Her- mes, says questions will remain for the next few months about how stable the country is and “how the military will be ruling.” Among big stock moves, Expedia plunged 17 percent after the online travel com- pany said its earnings fell 30 percent due to higher expenses. Expedia closed down $4.38 at $21.31. Chipotle Mexican Grill rose $12.10, or 4.7 percent, to $268.73 after its earnings soared 47 percent. Round Table Pizza files for bankruptcy CONCORD (AP) — The California company that promises to serve “The Last Honest Pizza” is filing for bank- ruptcy. Round Table Pizza Inc. filed for Chap- ter 11 bankruptcy on Wednesday, but executives insist that it won’t affect the pizza chain’s 483 restaurants for now. The Contra Costa Times reports that the company listed debts ranging from $10 million to $50 million. In court doc- uments, the Concord-based company blamed its financial troubles on an expansion it launched just before the recession hit. Executives say they will try to get concessions on rental rates from owners of its restaurant properties. COMFORT SERVICE INC. Air Conditioning & Heating Tehama Counties Factory authorized Bryant Dealer Your First Call For Comfort • RESIDENTIAL • COMMERCIAL • NEW CONSTRUCTION • SALES • SERVICE • REPAIRS 24 HOUR SERVICE 530 529-1990 Lic #593323 www.CascadeComfort.com $10 OFF SERVICE CALL Mention this ad for Whatever it takessm CASCADE FREE pillows • FREE delivery • FREE disposal With purchase of Tempurpedic mattress sets only.