Issue link: https://www.epageflip.net/i/26110
8B – Daily News – Tuesday, March 1, 2011 NEW YORK (AP) — Stabilizing oil prices and more signs of a stronger economy sent stocks sharply higher Monday. The Standard and Poor’s 500 index had its best start of any year since 1998. Easing oil prices, deal news send stocks higher Wall Street Oil prices fell to about $97 a barrel as worries over the global oil market eased after reports that some Libyan ports reopened to oil tankers 8049 Hwy 99E, Los Molinos, CA We Accept EBT “Your Family Supermarket” We appreciate your business - and we show it! HOURS: 7AM - 9 PM DAILY BLACK CANYON ANGUS BEEF WE FEATURE SPECIALLY CUT MEATS AT NO EXTRA CHARGE Boneless Beef New York Steaks $499 lb. Strawberries (Product of Ca/Mexico) Red Ripe 1lb. Clamshell 2 for Soups select varieties $500 18.5 -19 oz. 3$500 for Western Family Shredded Cheeses 8 oz. $169 ea. Liquor Special Bud, Coors, Miller, Michelob Ultra or Tecate 18 pack beer $1299 +CRV Natural or Keystone $999 +CRV Produce Specials Large Fancy Oranges (Product of USA) Navel Salad Supremes 7.25 - 13.9 oz. 59¢ Ramen 3 oz. 5 for $100 lb. Grocery Specials Progresso Maruchan Ore-Ida Frozen Potatoes 16 - 32 oz. 2600 for $ Western Family Sodas 6 pack 12 oz. $ 300 2 for +CRV 2 for 500 $ CORNERSTONE C O M M U N I T Y B A N K “As Local As You” Is your checking account free? Ours is “Better than Free”! • Free Standard Bank Logo checks • Free ATM/Debit cards • Free online banking • No monthly fees • No minimum balance requirements • Open with as little as $1 Open your “Better than Free” account today and ask me about our specials. CALL TODAY (530) 529-1222 www.ccbca.com 237 South Main Street Red Bluff CA Alissa Bell New Account Specialist Next to Tractor Supply MEMBER FDIC EQUAL HOUSING LENDER Prices good Meat Specials Boneless Pork Sirloin Roasts $199 lb. Fresh Split Fryer Breasts $129 lb. March 2 thru March 8, 2011 and Saudi Arabia was boosting exports. Prices surged above $100 a bar- rel last week as clashes between rebels and gov- ernment-backed forces intensified in Libya. The Commerce Department said con- sumer incomes rose by the largest amount in nearly two years in Janu- ary, thanks to a tax cut that began last month. The head of the Federal Reserve Bank of New York, meanwhile, said that the country’s eco- nomic outlook has “improved considerably.” The Dow Jones indus- trial average gained 95.89 points, or 0.8 percent, to close at 12,226.34. The Standard and Poor’s 500 rose 7.34, or 0.6 percent, to 1,327.22. The Nasdaq 384-1563 WE ACCEPT FOOD STAMPS NO CARDS REQUIRED FOR EVERYDAY LOW PRICING OR SALE ITEMS composite rose 1.22 points, or less than 0.1 percent, to 2,782.27. All three major stock indexes posted their third straight month of gains. The last time that hap- pened was in the three- month period that ended last April. The S&P 500 gained 3.2 percent in February, the Dow 2.8 percent and the Nasdaq 3 percent. Those figures don’t include dividends. The S&P index has risen 5.5 percent in Janu- ary and February, its fastest increase at the start of a year since it jumped 8.1 percent in the first two months of 1998, according to Howard Sil- verblatt, senior index ana- lyst at S&P. A new round of corpo- rate deals also helped push some stocks higher. Ventas Inc., which owns senior housing communi- ties, said it would buy Nationwide Health Prop- erties Inc. in a $5.8 bil- lion deal that will create the nation’s largest health care real-estate invest- ment trust. Nationwide Health rose 10 percent, while Ventas fell 3 per- cent. Australia’s Equinox Minerals Limited, a min- ing company, said it would make a hostile bid to acquire Canada’s Lundin Mining Corp. for $4.9 billion in cash and stock. Lundin rose 19 percent while Equinox fell 9 percent. Both trade on the Toronto Stock Exchange. The deals came just two days after Warren Buffett said in his annual letter to investors that he is ‘‘itchy’’ to make more big acquisitions for his company, Berkshire Hathaway Inc. Berkshire had $38 billion in cash at the end of last year. Its shares rose 2.8 percent. Humana Inc. rose 3.8 percent after the health insurer raised its 2011 earnings forecast for the third time since Novem- ber. The company also said it regained a contract to provide coverage for 3 million active duty and retired military members and their families in sev- eral Southern states. Amazon.com Inc. fell 2.2 percent after an ana- lyst at UBS downgraded the company and said that its new video streaming service will cut into its profit margins. Bond prices were little changed. The yield on the 10-year Treasury note was unchanged from late Friday at 3.42 percent. Two stocks rose for every one that fell on the New York Stock Exchange. Consolidated volume came to 3.5 bil- lion shares.