Red Bluff Daily News

March 15, 2011

Issue link: https://www.epageflip.net/i/27144

Contents of this Issue

Navigation

Page 15 of 15

8B – Daily News – Tuesday, March 15, 2011 NEW YORK (AP) — Concerns over the eco- nomic impact of the mas- sive earthquake and tsunami in Japan, the world’s third-largest economy, led to a broad sell-off in the stock mar- ket on Monday. Fears of a slowdown in Japan push stocks lower Wall Street Nine out of the 10 sec- tors that make up the Standard and Poor’s 500 index lost ground. Utili- ties companies fell 1.4 percent, the most of any group, as explosions at Japanese nuclear reactors in the wake of the disaster dimmed prospects for the nuclear energy industry. The S&P index, the basis for most U.S. mutu- al funds, fell 7.89 points, or 0.6 percent, to 1,296.39. The Dow Jones indus- trial average lost 51.24, or 0.4 percent, to 11,993.16. The Nasdaq composite dipped 14.64, or 0.5 percent, to 2,700.97. ‘‘Everything is linked now,’’ said David Katz, senior portfolio strategist at Weiser Capital Man- agement. ‘‘There is no such thing as a catastro- phe happening in any major country and it not affecting the global econ- omy.’’ 8049 Hwy 99E, Los Molinos WE ACCEPT FOOD STAMPS NO CARDS REQUIRED FOR EVERYDAY LOW PRICING OR SALE ITEMS We appreciate your business - and we show it! HOURS: 7AM - 9 PM DAILY “Your Family Supermarket” Prices good March 16 thru March 22, 2011 Murphy’s Corned Beef Points Meat Specials Fresh While Supply LASTS! $179 lb. Asparagus (Product of Ca/Mexico) $159 lb. Fritos, Cheetos or Rold Gold Chips 7.5-16 oz. $169 Gatorade G2 Sports Drinks 32 oz. $ 1000 10 for Liquor Special Natural, Keystone, Milwaukees Best or High Life 30 pack beer $1499 +CRV Boneless/Skinless Chicken Breast $199 lb. Produce Specials Radishes or Green Onions (Product of Mexico/USA) Grocery Specials 88¢ 2 for Starkist Chunk Light Tuna 5 oz. can in water or oil 79¢ McColl’s 5 qt Ice Cream Tubs $549 Schweppe’s, Crush, Brisk or Mug 2 Lt. Sodas 99¢ +CRV House Italian or Ranch Salads 3 for $500 BLACK CANYON ANGUS BEEF WE FEATURE Boneless Beef Tri-Tips $399 lb. www.expresspros.com 530-527-0727 243 So. Main Street 384-1563 SPECIALLY CUT MEATS AT NO EXTRA CHARGE Japan’s central bank pumped a record $184 billion into money market accounts to encourage bank lending. Financial analysts said the move could put pressure on Japan to raise interest rates, particularly since the country is saddled with massive debt that, at 200 percent of gross domestic product, is the biggest among developed nations. ‘‘The fiscal position is deteriorating in Japan,’’ said Channing Smith, managing director of equity strategies at Capi- tal Advisors Inc. ‘‘If we get higher interest rates, that is a major threat to ... Respecting People. Impacting Business Call us. And get back to work. Call us any time for: • An extensive network of recruiting sources • Testing and training • Experienced recruiters • Full-time employees • HR expertise and support services • Temporary Workers • Evaluation hire • Carefully screened candidates • Dedicated service Better Built Windows REMEMBER US FOR ALL YOUR DOOR & MOLDING NEEDS. We’re not just for contractors 1040 B Monroe St., Red Bluff (530) 527-7962 LIC#659256 Do You Suffer From . . . Constant Low Back Pain; Sciatica (Pain Down Your Leg(s); Numbness and Tingling in Your Legs; Spinal Stenosis; Failed Surgery; Failed Epidurals; Poor Drug Management; Can’t Function on Drugs? TREATMENT WORKSHOP Wednesday March 16, 12:10 pm to 12:50 pm Call 537-1774 to RSVP 50% Off for the first 10 to begin treatmet Seating Is Limited! Advanced Chiropractic Neurology and Rehab FREE SPINAL DECOMPRESSION Locally owned & operated Keep the 5A>6 air out & the WARM air in with ENERGY EFFICIENT WINDOWS 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 M-F 6am-2pm * Now on Facebook + cert. Pass or FREE retest 527-9841 • 195 S. Main St. the global recovery.’’ Japan’s benchmark Nikkei 225 index fell 633.94 points, or 6.2 per- cent, to close at 9,620.49 — its lowest level in four months. The decline wiped out this year’s gains. Shares of upscale retailers with large busi- nesses in Japan also fell. Tiffany & Co. and Coach Inc. both dropped 5.3 per- cent. Caterpillar Inc. gained 2.1 percent on assumptions that it will benefit from the country’s large-scale rebuilding efforts. In the U.S., Warren Buffett’s Berkshire Hath- away Inc. said it would purchase chemical com- pany Lubrizol for $9 bil- lion in cash. Berkshire will pay $135 per share, a THE 28 percent premium to Lubrizol’s closing stock price Friday of $105.44. Berkshire’s Class B shares fell 1.3 percent on the news, while Lubrizol rose 28 percent. Cephalon Inc. closed down 1.6 percent after a federal court overturned two of the patents on its painkilling drug Fentora. That could allow com- petitors to start selling cheaper generic versions of the drug soon. Bond prices rose, sending yields lower. The yield on the 10-year Trea- sury note fell to 3.36 per- cent from 3.41 percent late Friday. Oil prices added 3 cents to settle at $101.19 per barrel. Two stocks fell for every one that rose on the New York Stock Exchange. Consolidated volume came to 4.1 bil- lion shares. • Irish Soda Breads • Shamrock Cookies • Other Irish Breads Call to order Now available Made with Organic & Local Ingredients 446 Antelope Blvd. #38 Left side of Antelope Holiday Mkt 529-1687 Rosser’s Bakery & Specialty Foods

Articles in this issue

Links on this page

Archives of this issue

view archives of Red Bluff Daily News - March 15, 2011