Issue link: https://www.epageflip.net/i/26211
Manufacturing growing at fastest pace in 7 years WASHINGTON (AP) — U.S. manufacturers expanded at the fastest pace in nearly seven years last month, but a sudden rise in the price of raw materials could threaten their profits. The Institute for Supply Man- agement said Tuesday that its index of manufacturing activity rose to 61.4 in February, up from 60.8 the previous month. That’s the highest reading since it reached the same level in May 2004. The ISM’s index bottomed out at 33.3 in December 2008, its lowest point in nearly 30 years. Any reading above 50 indi- cates expansion. The manufactur- ing sector has now expanded for the past 19 months. The rebound in manufacturing is gaining momentum, the report showed. The new orders index rose to a seven-year high. A mea- sure of order backlogs rose to its highest level in a year. And inven- tories are shrinking, both at man- ufacturers and their customers. All are signs that factory output is likely to keep growing. ‘‘The recovery in the sector is both robust and on track,’’ said Ian Shepherdson, an economist at High Frequency Economics. Solid growth overseas, partic- ularly in developing countries such as China, Brazil and India, has also helped by boosting exports. A measure of export orders rose to its highest level in more than 22 years. And an employment index in the ISM’s report topped 60 for only the third time in a decade, evidence that manufacturers are adding employees at a rapid clip. But prices paid for steel, plas- tics, rubber and other raw materi- als rose for a third straight month, a sign that increasing production costs could spark higher inflation. “Growth may not be as robust as we would like because of these rising commodity prices,” said Brian Levitt, an economist at OppenheimerFunds. Pricier gas and food reduce the amount of money consumers can spend on discretionary items such as computers and other electron- ics. Manufacturers may also eat some of the higher costs, which would cut into profit margins, Levitt said. “While there are many posi- tive indicators, there is also con- cern as industries related to hous- ing continue to struggle and the prices index indicates significant inflation of raw material costs across many commodities,” said Norbert Ore, chair of the ISM’s survey committee. On Capitol Hill, Federal Reserve Chairman Ben Bernanke said Tuesday that rising energy prices “don’t pose a significant risk to the recovery or to overall inflation.” But a prolonged rise in the price of oil or other commodities would represent a “threat” to eco- nomic growth, Bernanke acknowledged. The price of materials is another challenge for the strug- gling construction industry. The Commerce Department said Tuesday that spending by builders fell in January to a sea- sonally adjusted annual rate of $791.8 billion. That’s slightly above the decade low of $791.5 billion hit in August, and about half of the $1.5 trillion level that economists believe would signal a healthy construction sector. It could be another four years before con- struction recovers to that level, economists say. Factories have rebounded at a healthy clip since the recession ended in June 2009. Americans have resumed spending on cars, appliances and other big-ticket items and businesses are investing in more industrial machinery and other heavy equipment. U.S. automakers are reporting healthy sales increases, after stumbling badly in the recession. General Motors Co. said Tuesday that its February sales soared 49 percent. Deere & Co., the world’s largest manufacturer of agricul- ture equipment, said last month that its quarterly net income more than doubled as rising prices for corn, wheat and other crops encouraged U.S. farmers to buy new machinery. The Institute for Supply Man- agement, based in Tempe, Ariz., compiles its manufacturing index by surveying about 300 purchasing executives across the country. SoCal Edison to pay $5.7M to couple in truck crash FRESNO (AP) — A Fresno County jury has awarded $5.7 million to a couple whose van was read-ended by a utility truck during a 2009 snowstorm. The Fresno Bee reports that jurors found Southern California Edison negligent in the crash because its driver didn’t have proper train- ing to drive in the snow and the truck didn’t have snow chains. Lawyers for Manuel Ornelas say the crash Wednesday, March 2, 2011 – Daily News – 5B Legal Notices Legal Notices Legal Notices Legal Notices LEGAL NOTICE near Shaver Lake severely injured his back and pelvis, leaving him in constant and intense pain and unable to work as an engineer for the Cali- fornia Department of Transportation. Most of the award granted Tuesday was for Ornelas’ and his wife’s physical pain and emo- tional suffering. Southern California Edison’s attorney, Grego- ry Mason, argued that the collision was an unfor- tunate accident. Western Republicans decry Obama wilderness policy WASHINGTON (AP) — Republican governors and members of Congress vowed Tuesday to fight an Obama administration plan to make millions of acres of undeveloped land in the West eligible for federal wilderness protection. The GOP officials said the plan would circumvent Congress’s authority and could be used to declare a vast swath of public land off-limits to oil-and-gas drilling. Rep. Denny Rehberg, R-Mont., said the policy threatens the economy in rural Western states and accused the Obama admin- istration of waging a “war on the West.’’ Idaho Gov. Butch Otter called the plan “a drastic change in public policy for public lands that was done without public input.’’ He called on Congress to ”take back its authority“ and block the new policy. Utah Gov. Gary Herbert, appearing with Otter at a hearing before the House Natural Resources Committee, called on the GOP-led panel to “help us right a very real and very damaging wrong.’’ Herbert said a December order by Interior Secretary Ken Salazar was harming rural communities throughout Utah whose economies rely on use of public lands. “This order hinders rural economic development and hurts key funding sources for Utah’s school children,’’ Herbert said, noting that royalties from mineral development are a primary founding sources for Utah schools. Legal Notices Legal Notices LEGAL NOTICE TEHAMA COUNTY REQUEST FOR BID VARIOUS FLEET VEHICLES NOTICE IS HEREBY GIVEN THAT bids shall be received until 3:00 P.M., March 23, 2011, in the Ad- ministration Office, 727 Oak Street, Red Bluff, CA, 96080 for the purchase of County Fleet Ve- hicles: VARIOUS FLEET VEHICLES All Bids must be in the custody of the Purchasing Dept. at the designated time. In addition to mailed bid submittals, FAX submittals will be accepted at (530) 527-3764. Bids shall be sub- mitted on the form provided ON- LY. Specifications and quantities are available by contacting the Purchasing Department at the above address, or by calling (530) 527-4655. The Board of Supervisors re- serves the right to waive informalities and irregularities in any bids received. Williams J. Goodwin Purchasing Agent By: Julie Sisneros Julie Sisneros, Deputy Purchasing Agent Publish: March 2, 2011 NOTICE OF TRUSTEE’S SALE TS No. 10-0150081 Title Order No. 100701385 Investor/Insurer No. 1697833840 APN No. 031-052-071 YOU ARE IN DEFAULT UNDER A DEED OF TRUST, DATED 01/24/2005. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A LAWYER." Notice is hereby given that RECONTRUST COMPANY, N.A., as duly appointed trustee pursuant to the Deed of Trust executed by SUSAN K BHOJAK, AN UNMARRIED WOMAN, dated 01/24/2005 and recorded 01/31/05, as Instrument No. 002047, in Book 2640, Page 254), of Official Records in the office of the County Recorder of Tehama County, State of Califor- nia, will sell on 03/23/2011 at 2:00PM, At the main entrance to the Tehama County Courthouse, 633 Washington Street, Red Bluff, CA 96080 at public auction, to the highest bidder for cash or check as described below, paya- ble in full at time of sale, all right, title, and interest con- veyed to and now held by it un- der said Deed of Trust, in the property situated in said County and State and as more fully de- scribed in the above referenced Deed of Trust. The street ad- dress and other common desig- nation, if any, of the real proper- ty described above is purported to be: 431 LINCOLN STREET, RED BLUFF, CA, 960803726. The under- signed Trustee disclaims any li- ability for any incorrectness of the street address and other common designation, if any, shown herein. The total amount of the unpaid balance with inter- est thereon of the obligation se- cured by the property to be sold plus reasonable estimated costs, expenses and advances at the time of the initial publica- tion of the Notice of Sale is $97,774.59. It is possible that at the time of sale the opening bid may be less than the total in- debtedness due. In addition to cash, the Trustee will accept cashier’s checks drawn on a state or national bank, a check drawn by a state or federal credit union, or a check drawn by a state or federal savings and loan association, savings asso- ciation, or savings bank speci- fied in Section 5102 of the Finan- cial Code and authorized to do business in this state. Said sale will be made, in an ’’AS IS’’ con- dition, but without covenant or warranty, express or implied, re- garding title, possession or en- cumbrances, to satisfy the in- debtedness secured by said Deed of Trust, advances thereunder, with interest as pro- vided, and the unpaid principal of the Note secured by said Deed of Trust with interest thereon as provided in said Note, plus fees, charges and ex- penses of the Trustee and of the trusts created by said Deed of Trust. DATED: 02/23/2011 RECONTRUST COMPANY, N.A. 1800 Tapo Canyon Rd., CA6-914- 01-94 SIMI VALLEY, CA 93063 Phone: (800) 281 8219, Sale Infor- mation (626) 927-4399 By:-- Trustee’s RECONTRUST COMPANY, N.A. is a debt collector attempting to collect a debt. Any information obtained will be used for that purpose. ASAP# FNMA3886764 02/23/2011, 03/09/2011 Sale Officer 03/02/2011, LEGAL NOTICE NOTICE OF TRUSTEE’S SALE Trustee’s Sale No. 05-FMB-85307 YOU ARE IN DEFAULT UNDER A DEED OF TRUST DATED 11/1/2006. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A LAWYER. On March 9, 2011, at 02:00 PM, AT THE MAIN EN- TRANCE TO THE TEHAMA COUN- TY COURTHOUSE, 633 WASHING- TON STREET, in the City of RED BLUFF, County of TEHAMA, State of CALIFORNIA, REGIONAL SERV- ICE CORPORATION, a California corporation, as duly appointed Trustee under that certain Deed of Trust executed by E. FRANK JONES AND LEIA R. JONES, HUS- BAND AND WIFE AS JOINT TEN- ANTS, as Trustors, recorded on 11/9/2006, as Instrument No. 2006022540, of Official Records in the office of the Recorder of TEHAMA County, State of CALI- FORNIA, under the power of sale therein contained, WILL SELL AT PUBLIC AUCTION TO THE HIGH- EST BIDDER, for cash, or cash- ier’s check (payable at the time of sale in lawful money of the United States) without warranty ili d i l express or implied as to title, use, possession or encumbran- ces, all right, title and interest conveyed to and now held by it as such Trustee, in and to the following described property situated in the aforesaid County and State, to-wit: TAX PARCEL NO. 039-322-131 From informa- tion which the Trustee deems reliable, but for which Trustee makes no representation or warranty, the street address or other common designation of the above described property is purported to be 22855 TUSCAN AVENUE , RED BLUFF, CA 96080. Said property is being sold for the purpose of paying the obli- gations secured by said Deed of Trust, including fees and ex- penses of sale. The total amount of the unpaid principal balance, interest thereon, together with reasonably estimated costs, ex- penses and advances at the time of the initial publication of the Notice of Trustee’s Sale is $184,157.31. In compliance with California Civil Code 2923.5(c), the mortgagee, trustee, benefi- ciary, or authorized agent de- clares: that it has contacted the borrower(s) to assess their fi- nancial situation and to explore options to avoid foreclosure; or that it has made efforts to con- tact the borrower(s) to assess their financial situation and to explore options to avoid foreclo- sure by one or more of the fol- lowing methods: by telephone, by United States mail; either 1st class or certified; by overnight delivery; by personal delivery; by e-mail; by face to face meet- ing or the borrower has surren- dered the property to the mortgagee, trustee, beneficiary, or authorized agent and that the compliance with Civil Code Sec- tion 2923.5 was made at least thirty (30) days prior to the date of this Notice of Sale. The mortgagee, trustee, beneficiary, or authorized agent declares: it has obtained a final or tempora- ry order of exemption and said order is current and valid as of the date of the Notice and the time frame set forth in Califor- nia Civil Code 2923.54 does not apply or California Civil Code 2923.54 does not cover this loan. Dated: 02/07/2011 REGIONAL SERVICE CORPORATION, Trustee By: MARILEE HAKKINEN, AU- THORIZED AGENT Agent for Trustee: AGENCY SALES AND POSTING 3210 EL CAMINO REAL, SUITE 200 IRVINE, CA 92602 Tele- phone Number: (800) 542-2550 Sale Information: (714) 730-2727 or http://www.rtrustee.com ASAP# 3907522 02/16/2011, 02/23/2011, 03/02/2011 )y LEGAL NOTICE The following person(s) is (are) doing business as: Hal’s Eat’em Up 530-209-7966, 158 Main St, Red Bluff, CA 96080 Crystal Ann Potter 1305 Crosspoint Ct Red Bluff, CA 96080 The registrant commenced to transact business under the fic- titious business name or names listed above on N/A This business is conducted by: an individual File No. 2011000058 STATEMENT FICTITIOUS BUSINESS NAME S/By: Crystal Ann Potter Crystal Ann Potter This statement was filed with the County Clerk of Tehama County on 2/18/2011 Publish: Feb 23, Mar 2, 9 & 16, 2011 BEVERLY ROSS Tehama County Clerk & Recorder LEGAL NOTICE The following person(s) is (are) doing business as: Petes’ Sweet Treats 209-8799, 2071 Solano St, Corning, CA 96021 File No. 2011000065 STATEMENT FICTITIOUS BUSINESS NAME Jim Peterson 23240 Harvest Rd Corning, CA 96021 Sherri Peterson 23240 Harvest Rd Corning, CA 96021 The registrant commenced to transact business under the fic- titious business name or names listed above on 2/10/11 This business is conducted by: husband & wife S/By: Jim Peterson Jim Peterson This statement was filed with the County Clerk of Tehama County on 2/25/2011 Publish: Mar 2, 9, 16 & 23, 2011 HOME SERVICES DIRECTORY $8900 Runs Every Monday - Wednesday - Friday $ month commitment Residential • Commerical PATIOS • DECKS Construction Remodel, Construction Burrows New Additions, Siding Repair and Replacement, Water and Dryrot Damage Specialist, New Construction Foundation to Finish FREE ESTIMATES & REFRENCES Lic#824770 Ph: (530) 515-9779 Handyman 7900 a month with a 3 a month for a 1 month commitment Heating & AC Help for Seniors & Singles “Let me help you with the small repairs to keep your home running smoothly” 527-2288 Home Repairs At Very Reasonable Rates Call Richard at HVAC & General Contractor Lic. #619239 TAKE ADVANTAGE OF ALL REBATES ON FULL INSTALLATIONS FREE ESTIMATES D.A.V. & SENIOR DISCOUNT References available upon request (New Construction/Remodels) 1-800-739-4706 Serving Tehama County and surrounding areas since 1990 Construction n No early cancellation, non-refundable Landscaping Torres Landscaping Mowing, Pruning, Weeding, Blowing, Cleaning, Trimming Yearly Yard Maintenance Monthly or One time available All around LAWN Maintenance Free Estimates Cell: 530-526-3752 Home: 520-529-5474 Ramon Torres Lic.# 10034 Landscape/Fence Tractor & Landscape Service Steve’s • Fence Building • Landscaping • Trenching • Rototilling • Disking • Mowing • Ridging • Post Hole Digging • Blade Work • Sprinkler Installation • Concrete Work Cont. Lic. #703511 Steve Dyke 385-1783 • Commercial Parking Lot Sweeping • Pressure Washing • Landscape Maintenance - Construction • Tree Pruning, Removal & Topping • Tractor Work, Dump Trailer, Bobcat Work 530-722-5148 Lic# 890445 o • Plumbing • Drywall Repairs • Fences • Decks • Concrete • Garages Quality at a reasonable price FREE ESTIMATES 530 949-6162 CA LIC#914460 Sweeping & Landscaping House Remodel / Specialist Rental Turnovers / Repairs Bathroom Remodels / Tile Painting • Electrical BEVERLY ROSS Tehama County Clerk & Recorder n A o l l i t e c n u s t s C r