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10B – Daily News – Saturday, February 19, 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 (MCT) — U.S. stocks climbed to fresh multi- year highs Friday, extending their winning streak to a third-straight week, as the market's upward momentum helped outweigh another round of tightening in China and continued unrest in the Middle East. The Dow Jones Industrial Stocks climb, extend weekly gains to three Wall Street pared remarks. In the Middle East, mass Average rose 73.11 points, or 0.59 percent, to 12,391.25, its highest close since June 5, 2008. The measure rose 0.96 percent this week, and has gained 4.8 per- cent over the past three weeks, marking its best three-week per- formance since August. Among the Dow's top per- formers on Friday, Caterpillar Inc. shares added 2.4 percent and Travelers Cos. rose 1.9 percent. Chevron Corp. also was strong, up 1.6 percent, after a U.S. judge delayed a decision on whether to grant an injunction prohibiting the enforcement of an $8.6 bil- lion judgment against the oil company over environmental damage in Ecuador's Amazon region. The Nasdaq Composite climbed 2.37, or 0.08 percent, to 2,833.95, its highest close since Oct. 31, 2007. It is now down just 0.88 percent from its October 2007 multi-year high. The Standard & Poor's 500- stock index added 2.58, or 0.19 percent, to 1343.01, its highest close since June 17, 2008. "This is a market that just has momentum and it wants to go higher," said Dan Genter, chief executive and chief investment officer of RNC Genter Capital Management. The market's advance on Fri- day came even as China's central bank said it will raise banks' reserve-requirement ratio by half a percentage point, the second increase this year to withdraw excess liquidity from the econo- my and curb inflation. The move weighed on the materials sector, which gets much of its demand from China, but the rest of the market shrugged it off. The climb also came despite additional turmoil in the Middle East, where protesters in Bahrain said security services opened fire on demonstrators as they marched toward the capital's Pearl roundabout, escalating the standoff between the country's Sunni Muslim rulers and its Shi- ite majority population. Investors said there are con- cerns that the Middle East pre- sents risks the market isn't accounting for. "Some of the geopolitical events we're seeing in the Middle East do pose another risk," said Rob McIver, co-portfolio manag- er of the Jensen Portfolio. "It's interesting that that's not having CARE TO COMMENT? At redbluffdailynews.com, scroll to the end of any story, click the link and type away. COMFORT SERVICE INC. 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The four indica- tors would be current-account imbalances, public-sector debt, private-sector debt and one indi- cator for the real effective foreign exchange rate and the size of for- eign-exchange reserves. Read more on what's expected from the G-20. Also at the meeting, Federal Reserve Chairman Ben Bernanke offered his most pointed rebuttal yet to foreign critics who say the U.S. central bank's easy-money policies are causing inflation and asset bubbles abroad. The rest of the world has an interest in the U.S. recovery that his policies are spurring, Bernanke argued in pre- WASHINGTON (AP) — Pushing his jobs agenda, President Barack Obama made the case Friday that companies can make money and build up the country at the same time, citing the giant Intel Corp. chip maker as his model of smart investing in education. ‘‘We know what works. We know how to succeed,’’ the president told employees here after getting an eye-opening tour of Intel’s manufacturing facility. ‘‘We know how to do big things. And all across this nation, in places just like this one, we have students and teachers, local leaders and companies who are working together to make it happen.’’ Though Republicans in Washington are 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* ©2010 HRB Tax Group, Inc. 1315 Solano St, Corning, CA 96021 530-824-7999 120 Bell Mill Road, Red Bluff, CA 96080 530-527-7515 Mon-Fri 9 am to 7 pm antigovernment demonstrations in Bahrain entered their fifth full day, as four funerals took place simultaneously around the capi- tal, and opposition leaders said the government's violent crack- down had strengthened their demands for an immediate change of government. The unrest helped lift crude-oil futures up to above $90 a barrel. The U.S. Dollar Index, track- ing the U.S. currency against a basket of six others, fell 0.4 per- cent. Treasurys declined, lifting the yield on the 10-year note up to 3.59 percent. Gold futures climbed. Among stocks in focus, Campbell Soup Co. shares fell 3.9 percent, after the company cut its outlook for in earnings for its current fiscal year as heated competition for soups, sauces and drinks will hurt results. The low- ered outlook comes after Camp- bell reported a 7.7 percent decline in fiscal second-quarter earnings as more promotions again failed to boost soup sales. JDS Uniphase fell 5.3 percent. Citigroup cut its investment rat- ing on the stock to "hold" from "buy," saying the shares are "like- ly to take a breather following massive outperformance" lately. The firm said the downgrade was "driven by stock price concerns rather than underlying trends." Obama: Business can help bottom line, nation balking at Obama’s call for more spending on education, Obama said Intel’s example has shown that spending on education and worker training is a good investment — even in difficult financial times. ‘‘You’re not just a good corporate role model,’’ Obama said. ‘‘You’re a corporation that understands that investing in education is a good business model. It’s good for the bottom line.’’ The president spoke during a West Coast swing designed to highlight his vision of making the U.S. more competitive globally. Before the visit, the White House announced that Obama had picked compa- ny CEO Paul Otellini, a sometimes critic, to serve on a competitiveness council. EXPERTISE IS STANDING BY. MAKE AN APPOINTMENT, TODAY. 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