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10A – Daily News – Friday, April 8, 2011 NEW YORK (AP) — Stocks are ending the day with small losses after a 7.4-magni- tude earthquake struck Japan. The Dow Jones industrial average fell as many as 96 points in morning trading, but recovered most of its losses after a tsunami warning was lifted. The Dow fell 17.26 points, or 0.1 percent, to 12,409.49 The Standard & Poor’s 500 fell 2.03, or 0.2 percent, to 1,333.51. The Nasdaq com- posite fell 3.68, or 0.1 per- cent, to 2,796.14. The quake rattled investors, partly since it struck near the same area as the massive earthquake that triggered devastating tsunami on March 11. Stock indexes pared their losses after the impact of the latest quake appeared to be less than ini- Stocks dip after another earthquake hits Japan Wall Street tially feared. In the U.S., economic news was mostly positive. The Commerce Department said 382,000 people applied for unemployment for the first time last week. That was the third drop in four weeks. The decline in applications sug- gests layoffs are slowing. Major retailers also report- ed better-than-expected sales for March at stores that have been open at least a year. Analysts had predicted declines because of cold weather and higher gas prices. Costco Wholesale Corp. rose 4 percent after reporting a 13 percent gain in sales. Limited Brands Inc. rose 1 percent after it said its rev- enue increased 14 percent because of strong sales at its Victoria’s Secret stores. Nord- strom Inc. and Macy’s Inc. also rose about 1 percent. Bed Bath & Beyond Inc. rose 10 percent, the most of any stock in the Standard & Poor’s 500 index. The home furnishings retailer posted strong results late Wednesday and said it expected earnings to rise 10 percent to 15 per- cent this year. Constellation Brands Inc. rose 7 percent. The maker of Robert Mondavi wine and Svedka vodka recovered from a loss in the same quarter a year ago and reported a dou- ble-digit increase in wine sales in North America. KLA-Tencor fell 5 percent, the most out of any company in the S&P 500. The chip manufacturer gets 14 percent of its revenues from Japan. ping 3 percent a day after the home-entertainment company announced its decision to pay nearly $1 million per episode to stream the TV series ‘‘Mad Men.’’ Dish Network Corp. emerged as a new competitor after announcing it would buy Blockbuster Inc. out of bank- ruptcy. The yield on the 10-year Treasury note inched was flat at 3.55 percent. The European Central Bank raised its main interest rate by a quarter point to 1.25 percent, a day after Portugal asked for a bailout. The Bank of England kept its main interest rate unchanged at 0.5 percent. Three stocks fell for every Netflix, Inc. also fell, drop- two that rose on the New York Stock Exchange. Consolidat- ed trading volume was 4 bil- lion. Assembly OKs bill on hospitals’ seismic upgrades SACRAMENTO (AP) — The disaster in Japan gave state lawmakers some pause Thursday, but they went ahead with legislation to put off the date when hospitals must prove they can survive an earthquake. The state Assembly passed SB90, which allows hospitals to apply for a seven-year extension of the deadline to meet seismic safety requirements. The current deadline for most hospitals is 2013. It now goes to Democra- tic Gov. Jerry Brown. The measure will give the Office of Statewide Health Planning and Devel- opment, which regulates seismic compliance, “more tools to scrutinize hospitals on a case-by-case basis, first and foremost on struc- $139.00 D NEWSAILY in Discount Coupons were published last week in the RED BLUFF TEHAMACOUNTY Sat., April 9th CLASSIC CAR SHOW & SHINE Downtown Red Bluff Washington & Pine, 9 am Round-Up Chili Cookogg, 11:30 Great Downtown Red Bluff Heist Round-Up of Student Art @ Fidelity Stick Horse Rodeo for Kids 1pm @ Cozy Diner/Tractor Supply parking lot Movie: The Challenge of Champions Documentary 2pm & 7pm @ State Theatre Street Dance with LTD Band 7pm @ Cone & Kimball Plaza Riverside Bar & Grill 500 Riverside Way, Red Bluff 528-0370 … And that does not Count all the ads offering percentage discounts, two-for-ones and Free-with-Purchase offers! Don’t miss a Day of it! Subscribe Today 527-2151 It pays for itself. ★★ ★ tural safety,” said Democra- tic Assemblyman William Monning of Monterey. Monning, who present- ed the bill, said the office would grant extensions based on a hospital’s struc- tural integrity, construction budget to meet safety requirements, and proximi- ty to other hospitals. Senate President Pro Tem Darrell Steinberg, a Sacramento Democrat, authored the bill. But Tom Ammiano, one of three Assembly mem- bers who voted against the bill, said Japan’s tragedy should make Californians WE STAND BEHIND YOUR RETURN. GUARANTEED. think more carefully about their tectonic stability. “I hope that in the future, we can have further talks about acts of God and how it should affect what we do here in Sacramento in regards to a state catastro- phe,” said Ammiano, a Democrat from San Fran- cisco. The earthquake provi- sion won’t take effect unless a separate bill — yet to be introduced — extends the fees that private hospi- tals pay into Medi-Cal to June 30, 2012. Not all hos- pitals participate in the state-federal health care program for the poor, but all are required to help fund it. Those provider fees expired Jan. 1, but another portion of SB90 renewed them until June 30 this year. That is the date by which ©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 AMERICAN SELF-STORAGE 64 Mulberry Ave., Red Bluff • 527-1755 • Fully Fenced • Onsite Manager • Well Lit Property website: www.americanselfstorage.biz • RV & Vehicle parking now available 8x10 $ 10x24 $ * Some restrictions apply. 35 60 per mo. for 6 mos.* per mo. for 6 mos.* Good through 4/30/11 CALL NOW FOR RATES! the funds must be raised to incur a federal match. If Brown signs the bill, private hospitals would net $860 million and the state would save $50 million in what it would otherwise pay to help fund Medi-Cal. Public hospitals are exempt from the extension. The added funding could help hospitals that can’t afford to make seis- mic upgrades, which will ultimately cost $41.7 bil- lion statewide. A companion bill per- mitting an intergovernmen- tal transfer to get those funds to hospitals also passed the Assembly and Senate on Thursday. AB113 also allows district hospitals, which are gov- ernment-run and don’t ben- efit from the extension, to raise $33 million in similar Medi-Cal funds. Oh Snap! The Daily News wants your photos: Cute kids, Adorable pets, Inspirational sights, Any shot you think readers would enjoy You might just see it in the Daily News Send pictures to editor@redbluffdailynews.com or drop off at 545 Diamond Ave. in Red Bluff. Include a caption. Dr. Andrew PomazalD.O. Physician & Surgeon General Medicine Saturday Appointments Available • High Blood Pressure • Diabetes • Joint & Muscle Pain • Lung Problems We offer Osteopathic Manipulation 530 528-2066 2050 Main St, Red Bluff Accepting New Patients 90