Red Bluff Daily News

February 24, 2011

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6B – Daily News – Thursday, February 24, 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) — Stocks fell for a second straight day Wednesday after clashes in Libya sent oil prices to two-year highs and technology giant Hewlett-Packard said its revenue growth was slow- ing. Forces loyal to Libyan leader Moammar Gadhafi Stocks fall on Libya tensions, H-P earnings Wall Street Rights Watch. continued to fight with anti- government demonstrators, leading to widespread chaos and shooting in the streets of the Libyan capital, Tripoli. Nearly 300 people have been killed, according to the New York-based Human The unrest sent oil up 3.5 percent to nearly $99 a bar- rel, its highest price since October 2008. Libya is the world’s 15th largest exporter of crude, accounting for 2 percent of global daily out- put. Traders are worried the revolt could threaten Libya’s oil production and spread to other countries in the region. ‘‘We’re at a point where the market is concerned over this series of dominoes in the Middle East and won- ders if there’s another coun- try that’s next to fall,’’ said David Katz, a portfolio strategist for Weiser Capital Management. Oil companies benefited from the higher crude prices. Chevron Corp. was the biggest gainer in the Dow average, rising 1.9 per- cent. Exxon Mobil Corp also gained 1.9 percent. Energy companies in the Standard & Poor’s 500 index rose 2 percent, the only gain among its 10 com- pany groups. The Dow Jones industri- HAVING TROUBLE VOTING ONLINE? Here are some tips so your votes can support your favorite local businesses, and so YOU can get in the running for the FIVE $100 shopping sprees that will be given to FIVE lucky online voters! • Each individual voter needs to enter their own individual email address on the ballot. 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