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8B – Daily News – Thursday, February 17, 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) — Strong earnings results and another round of corporate deals pushed stocks higher Wednesday. The Standard & Poor’s 500 index has now doubled from the intraday low set in the 2008 financial Stocks rise after strong earnings, deal news Wall Street crisis. Family Dollar Stores Inc. rose 21 percent to $53.25 after investor Nelson Peltz’s firm offered to pay up to $60 a share to take the discount retailer private. That was a 36 percent pre- mium from Tuesday’s clos- ing price. Family Dollar rose the most of any stock in the Standard & Poor’s 500 “Morgan” chase rocker recliner SAVE $280 “Pinnacle” chase rocker recliner NOW $399 EACH Many other lazboy chairs now on sale SAVE $280 index. Genzyme Corp. rose 1.1 percent after French drug maker Sanofi-Aventis agreed to buy the U.S. biotechnology firm for $20 billion in cash. The deal ended months of haggling between the two compa- nies. Dell Inc. rose 12 percent a day after the personal computer maker raised its full-year revenue forecast, a sign that businesses are spending more on technolo- gy. Abercrombie & Fitch Co. rose 7.6 percent after the teen clothing maker said its fourth-quarter net income nearly doubled on strong sales overseas and better U.S. results. Comcast Corp. also reported earnings that sur- passed analysts’ expecta- tions. Its stock rose 4 per- cent after more customers signed up for a combination of TV, high-speed Internet access and digital phone 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* services. Deere & Co. rose 2.4 percent after the equipment maker said its net income more than doubled, thanks to growing sales of large farm machinery in the U.S. and Canada. The Dow Jones industri- al average rose 61.53, or 0.5 percent, to close at 12,288.17, its highest close since June 13, 2008. The S&P 500 rose 8.31, or 0.6 percent, to 1,336.32. That was double its intraday low of 666.79 reached on March 6, 2008 at the height of the financial crisis. The Nasdaq composite index rose 21.21, or 0.8 per- cent, to 2,825.56 The yield on the 10-year Treasury note rose to 3.63 percent from 3.61 percent from late Tuesday. The Commerce Depart- ment reported that new home construction rose in January by the largest amount in 20 months. The pace of construction is still 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 COMPLETE AUTO REPAIR All makes and models. We perform dealer recommened 30K, 60K, 90K SERVICES AT LOWER PRICES Smog Check starting at $ (most cars and pick-ups) 2595 + cert. Pass or FREE retest 527-9841 • 195 S. Main St. way off from levels seen in a healthy economy, but ana- lysts were optimistic about the report. ‘‘Housing is slowly showing some signs of life here,’’ said Ryan Detrick, senior technical strategist at Schaeffer’s Investment Research. The Labor Department also reported that wholesale prices rose sharply in Janu- ary due to higher costs for gas and other goods. Oil prices rose after Israel’s foreign minister said Iran will send two war- ships through the Suez Canal on the way to Syria. Benchmark oil for March delivery rose 67 cents to set- tle at $84.99 per barrel. The Federal Reserve reported separately that for the fifth straight month fac- tories produced more goods in January, although overall industrial production fell. Three stocks rose for every one that fell on the New York Stock Exchange.