Issue link: https://www.epageflip.net/i/31341
Wednesday, May 11, 2011 – Daily News – 5B Microsoft’s $8.5 billion Skype deal lifts stocks NEW YORK (AP) — Corporate deals and strong earnings are credited with stocks higher this year — and Tuesday saw a bit of each. The biggest news, that Microsoft Inc. said it would buy Internet telephone service Skype for $8.5 billion in cash, helped advance the sentiment that companies are spending again. Companies built up a record amount of cash over the last several years. The fact that they have begun using it to purchase rivals, pay dividends, expand their businesses and buy back their own stock is a positive for the econo- my, say experts. Microsoft had $50.15 billion in cash and short-term investments at the end of March. Large companies also want to put their cash stockpiles to work because they’re getting minimal returns on them, said Oliver Pursche, president of Gary Goldberg Financial Services. Interest rates for short-term savings pay less than 1 percent. “The crisis is behind us,” he said. Companies “don’t need this much cash any- more.” The Skype purchase would be Microsoft’s largest in its 36-year history. It follows AT&T Inc.’s announcement in March that it would buy T-Mobile USA for $39 billion and Johnson & Johnson’s $21.3 billion deal announced last month to acquire Synthes, a maker of medical instruments and implants. CKx Inc., which owns the rights to the names and images of Muhammad Ali and Elvis Presley, jumped 23 percent after it agreed to be bought by private equity investors. The buyout group will pay about $511 million for the company, which also owns the “Ameri- can Idol” television show. Also on Tuesday, dairy producer Dean Foods Co. and Medifast Inc. reported earnings that beat analysts’ expectations. Dean had a stronger start to the year than it expected and raised its forecast for full-year earnings. Dean jumped 13 percent. Medifast, which operates a weight-loss program, rose 17 percent. Boston Scientific Corp. sank 9 percent after the medical device company said its president and CEO, Ray Elliott, will retire at the end of the year. The company is looking for his replacement. The Dow Jones industrial average rose 75 points, or 0.6 percent, to 12,760 in late afternoon trading. The Standard & Poor’s 500 index rose 11 points, or 0.8 percent, to 1,357. The Nasdaq composite index gained 25 points, or 0.9 percent, to 2,868. Stocks have risen sharply in 2011, driven by strong earnings reports from major U.S. companies such as heavy equipment maker Caterpillar Inc. and Apple Inc. The S&P 500 is up 8 percent, more than it gained in five of the last 10 full calendar years. Companies in the S&P 500 are on track to report first-quarter earnings growth of 19 percent, according to FactSet. That’s far ahead of the 11 percent that analysts were forecasting at the end of 2010. Nearly nine out of ten companies in the index have reported results already. Crude oil bounced up and down, and was back above $103 per barrel in late afternoon trading. High fuel costs drove prices for imports into the United States up 2.2 percent last month, according to the Bureau of Labor Statistics. It’s the first time import prices have topped 2 percent in consecutive months since June 2008. Metals futures recovered more of their losses from last week’s sell-off. Silver rose to $38.74 per ounce. Silver has more than dou- bled over the last year, but is still about $10 below where it was at the end of April. Legal Notices Legal Notices Legal Notices Legal Notices Legal Notices Legal Notices LEGAL NOTICE LEGAL NOTICE The following person(s) is (are) doing business as: Alamo Mobile Truck Repair 530- 526-3396, 18925 Eleanor Lane, Cottonwood, CA 96022 Lori Hill File No. 2011000140 STATEMENT FICTITIOUS BUSINESS NAME 18925 Eleanor Lane Cottonwood, CA 96022 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 S/By: Lori Hill Lori Hill This statement was filed with the County Clerk of Tehama County on 4/22/2011 Publish: Apr 27, May 4, 11 & 18, 2011 BEVERLY ROSS Tehama County Clerk & Recorder LEGAL NOTICE Notice Re: Seizure of Property and Initia- tion of Forfeiture Proceedings, Health and Safety Code Sections 11470 et. seq. and 11488.4. To: All persons claiming any right, title, or legal interest in the following seized property (appraised values appear in pa- rentheses): One Thousand Four Hundred Sixty-Three dollars ($1,463.00) valued in terms of United States Currency, seized from or about the person or property of Alfonso Fregoso. Notice is hereby given that the above described property was seized on January 11, 2011 at Northbound I-5 South of Sourgrass Raod, Corning, CA by the T.I.D.E. and the California Highway Patrol-Northern Divi- sion for alleged violations of California Health and Safety Code Section(s) 11358. On January 11, 2011 non-judicial forfeiture proceedings were commenced by the Tehama County District Attorney in Ac- tion #AS11-469. Please use this case number on all documents and correspondence. You have thirty (30) days from the date of the first publication of this notice to file a verified claim, unless you have received actual notice. The claim must state the nature and extent of any interest you hold in the property, must be verified, and must be filed with the Superior Court Clerk, 633 Washington St., Red Bluff, CA 96080, or the prop- erty will be forfeited to the State. An endorsed copy of the claim must be served on the Dis- trict Attorney, 444 Oak St., #L, Red Bluff, CA 96080 within thirty (30) days of the filing of your claim. Claim forms can be ob- tained from the Asset Forfeiture Clerk, District Attorney¹s Office. Dated: April 22, 2011 Gregg Cohen, District Attorney By: MATTHEW D. ROGERS, Assistant District Attorney Publish: Apr 27, May 4 & 11, 2011 The following person(s) is (are) doing business as: Psycho Fitness & MMA 530-528- 0523, 1450 Schwab St Suite B, Red Bluff, CA 96080 Avery Ann Vilche 14710 Hanks Dr 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. 2011000135 STATEMENT FICTITIOUS BUSINESS NAME S/By: Avery Ann Vilche Avery Ann Vilche This statement was filed with the County Clerk of Tehama County on 4/15/2011 Publish: Apr 20, 27, May 4 & 11, 2011 BEVERLY ROSS Tehama County Clerk & Recorder LEGAL NOTICE Notice Re: Seizure of Property and Initia- tion of Forfeiture Proceedings, Health and Safety Code Sections 11470 et. seq. and 11488.4. To: All persons claiming any right, title, or legal interest in the following seized property (appraised values appear in pa- rentheses): Five Thousand Tow Hundred Thiry-Five dollars ($5,235.00) valued in terms of United States Currency, seized from or about the person or property of Jose Luis Montano, Miguel A. Montano, Miguel R. Montano, and Alma Mendoza. Notice is hereby given that the above described property was seized on March 9, 2011 at 4098 Columbia Avenue, Corning, CA by the T.I.D.E. for alleged viola- tions of California Health and Safety Code Section(s) 11359. On March 9, 2011 non-judicial forfeiture proceedings were commenced by the Tehama County District Attorney in Ac- tion #AS11-474. Please use this case number on all documents and correspondence. You have thirty (30) days from the date of the first publication of this notice to file a verified claim, unless you have received actual notice. The claim must state the nature and extent of any interest you hold in the property, must be verified, and must be filed with the Superior Court Clerk, 633 Washington St., Red Bluff, CA 96080, or the prop- erty will be forfeited to the State. An endorsed copy of the claim must be served on the Dis- trict Attorney, 444 Oak St., #L, Red Bluff, CA 96080 within thirty (30) days of the filing of your claim. Claim forms can be ob- tained from the Asset Forfeiture Clerk, District Attorney¹s Office. Dated: April 22, 2011 Gregg Cohen, District Attorney By: MATTHEW D. ROGERS, Assistant District Attorney Publish: Apr 27, May 4 & 11, 2011 LEGAL NOTICE The following person(s) is (are) doing business as: Unique Decorations 530-588- 2444, 5504 Olive Rd, Corning, CA 96021 File No. 2011000131 STATEMENT FICTITIOUS BUSINESS NAME Elisa E. Sanchez 5504 Olive Rd Corning, CA 96021 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 S/By: Elisa E. Sanchez Elisa E. Sanchez This statement was filed with the County Clerk of Tehama County on 4/15/2011 Publish: Apr 20, 27, May 4 & 11, 2011 BEVERLY ROSS Tehama County Clerk & Recorder LEGAL NOTICE Notice Re: Seizure of Property and Initia- tion of Forfeiture Proceedings, Health and Safety Code Sections 11470 et. seq. and 11488.4. To: All persons claiming any right, title, or legal interest in the following seized property (appraised values appear in pa- rentheses): Five Hundred Ninety Two Dollars ($592.00) valued in terms of United States Currency, seized from or about the person or property of Nestor Ivan Rodri- guez. Notice is hereby given that the above described property was seized on February 13, 2011 an enforcement stop at Marin Street, Corning, CA by the T.I.D.E. for alleged violations of Califor- nia Health and Safety Code Section(s) 11358. On February 13, 2011 non-judicial forfeiture proceedings were commenced by the Tehama County District Attorney in Ac- tion #AS11-470. Please use this case number on all documents and correspondence. You have thirty (30) days from the date of the first publication of this notice to file a verified claim, unless you have received actual notice. The claim must state the nature and extent of any interest you hold in the property, must be verified, and must be filed with the Superior Court Clerk, 633 Washington St., Red Bluff, CA 96080, or the prop- erty will be forfeited to the State. An endorsed copy of the claim must be served on the Dis- trict Attorney, 444 Oak St., #L, Red Bluff, CA 96080 within thirty (30) days of the filing of your claim. 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