Issue link: https://www.epageflip.net/i/32062
6B Daily News – Friday, May 20, 2011 NEW YORK (AP) — The biggest Internet IPO since Google combined with a drop in oil prices to send the broad stock market higher. Shares of social networking company LinkedIn jumped 109 percent to $94.25 on the first day they began trading on the New York Stock Exchange under the ticker symbol ‘‘LNKD.’’ The debut is seen as a preview of other social networking sites that are expected to start trading during the Stocks follow healthy LinkedIn IPO higher Wall Street next year. The list of candidates includes the online messaging ser- vice Twitter, game maker Zynga, and the biggest social network of all, Facebook. ‘‘LinkedIn represents the first opportunity for the average investor to participate in what looks like a lasting, powerful trend of social media,’’ said Lawrence Creatura, a portfolio manager at Federated Investors. ‘‘They’re frothy with excitement, and that’s being imputed into the share price.’’ LinkedIn finished the day with a gigantic price-to-earnings ratio of 554, a valuation reminiscent of Internet stocks during the late 1990s tech bubble. By compari- son, the average price-to-earnings ratio of technology companies in the S&P 500 index like Apple Inc. and Google Inc. is 15. Sumeet Jain, a principal with venture investing firm CMEA Capital, said LinkedIn’s IPO sug- gests that the number of mergers and acquisitions will increase this year as social networking compa- nies grow, a potential boon for the stock market. LinkedIn is ‘‘going to have to be quite aggressive’’ to meet investors’ lofty expectations, Jain said. ‘‘All the rest of the compa- nies in the pipeline, when they’re all public companies they will be extraordinarily active acquirers as well.’’ The Dow Jones industrial aver- age rose 45.14, or 0.4 percent, to close at 12,605.32. The S&P 500 gained 2.92, or 0.2 percent, to 1,343.60. The Nasdaq composite index rose 8.31, or 0.3 percent, to 2,823.31. Oil prices fell back below $100 a barrel after an international agency said there is an ‘‘urgent need’’ for refineries to produce more gasoline and bring down pump prices. Tehama Country THIS WEEKReal Estate NORTH STATE PROPERTIES (530) 529-7622 YOUR NORTH STATE REAL ESTATE CONNECTION 445 Main Street, Red Bluff, CA 96080 Short Sales / Foreclosures / HUD JEFF MOYER Cell: 530-366-2149 jeff@redbluffhomes.com JOSEPH DURRER Cell: 530-200-2831 joe@redbluffhomes.com SHELLIE JOHNSON Cell: 530-526-3367 shellie@redbluffhomes.com www.homesbyshellie.com CAROL MAY Cell: 530-514-8946 carolmay@redbluffhomes.com ERNIE MARTINEZ Cell: 530-200-0339 ernie@redbluffhomes.com KATHY HETTICK Cell: 530-200-0599 kathy@redbluffhomes.com www.kathyhettick.com KIM KEELER Cell: 530-368-6775 kim@redbluffhomes.com JON SHOLZEN Cell: 530-200-4690 jon@redbluffhomes.com OPEN HOUSE WESTERN REAL ESTATE Commercial Properties For Sale: MINCH PROPERTY MANAGEMENT 760 Main St. • 530-527-5514 • 455 S. Main St. • 760 Main St. • 840 Main St. • 1870 Montgomery • Flores Ave/I-5 ( Major Price Reduction! Major Price Reduction! • 13545 Saint Marys Ave. • 409 Walnut Stree • 22680 Antelope Blvd. • 562 Antelope Blvd. • 1156 Monroe St. • 460 Antelope Blvd. • 731-741 Main St. • 349 Pine St. • 225 Walnut St. • 955 Main St. • 726 Pine Street 2.67 Acres 5,750 sq/ft 11,400 sq/ft 2 Acres 24, 53 or 62 Acres 40,000 sq/ft 4274 sq/ft Commercial Properties For Lease: 5,600 sq/ft 2,200 sq/ft 6,580 sq/ft 1 to 3,000 sq/ft various size suites 819 sq/ft 2,000 sq/ft 2,995 sq/ft 1,250 sq/ft Brand new, almost! Step inside and be surprised what this manufactured home has to offer! A stunning “Silver Crest” built in 2006 with custom upgrades. 1574 sf., 3 bed/2 bath; gorgeous kitchen/breakfast nook with Cherry Alder cabinets, formal Living/Dining room and Laundry room. All rooms are large, carport for two and 8x12 shed. Enjoy a covered patio with your morning coffee delights! All for $60,000. North State Properties 445 Main Street, Red Bluff (530) 529-7622 KATHY HETTICK (530) 200-0599 Kathy@RedBluffhomes.com www.KathyHettick.com Lic#01778068 HOME OWNERSHIP WITH ACCESS TO FISHING POND! OPEN HOUSE SAT., MAY 21TH , NOON - 3PM 4 Casa Grande Drive (Rio Vista MHP) SAT., MAY 21ST Or by appointment • 11:30 am - 1:30 pm Rio Vista Mobile Estates #92 ON THE RIVER, 2/2 Doublewide 1300 sqft $47,000. Financing available. Call 527-7297 OPEN HOUSE SATURDAY, MAY 21ST • 11 AM - 1 PM 1546 Jackson Street, Red Bluff 5 acres, walnuts, 2000 sq ft shop, 3 bedroom home in Dairyville near the River. Reduced to $259,000 (530) 529-4111 DRE # 01174300 www.ucarea.net #1 CREAM PUFF! 658 Rio Street, Red Bluff F.S.B.O. $ (530) 223-2855 or 269,500 Call (530) 524-3443 3 bedroom + den, 2 1/2 bath at the edge of Red Bluff on 3+ acres, spa, fenced back yard, decking. New Listing Come see this meticulously well maintained 3/2 home with many upgrades including tile/oak kitchen & bath, custom lighting, & architectural features. Oversized garage and fully landscaped. $199,900 Connections cell 530-680-3130 r e a l e s t a t e c o m p a n y 530-528-8779 4 bedrooms, 3 baths on 13 MODERN & QUIET 3 BEDROOM 2.5 BATH HOME ON SHADY 1 ACRE IN RED BLUFF. CALL TODAY. FSBO: 530-228-8154 /4 acres with pool. 120 Orchard Way, Antelope area. $389,000 Contact Beverly Alvarez Team (530) 385-1408 Lic#01093321 beverly@alvarezteam.com C & C PROPERTIES 741 Main Street, Suite #2 Red Bluff, CA 96080 1-800-287-2187 (530) 527-2187 An Independently owned and operated Member of Coldwell Banker Residential Affiliates. FOR 24/7 PROPERTY INFO CALL 1-888-902-7253 AND ENTER THE PROPERTY CODE FROM THE AD. FORECLOSURES AND RESIDENTIAL HOMES UNDER $200,000 ~ $67,900 - 2 Bd, 1 Ba, - 1152 sq. ft. - ~ $85,000 - 3 Bd, 1 Ba. - 1156 sq. ft. - prop code 4699 prop code 4069 ~ $150,000 - 2Bd, 2 Ba, - 1344 sq. ft. - prop code 4009 ~ $129,900 - 3 Bd, 2 Ba, - 1450 sq. ft. - prop code 4109 ~ $69,900 - 3 Bd, 1 Ba - 1254 sq. ft. - prop code 4719 ~ $104,900 - 3 Bd, 2 Ba, - 1125 sq. ft. - prop code 4849 ~ $129,900 - 3 Bd, 2 Ba, - 1450 sq. ft. - prop code 4109 ~ $155,000 - 3 Bd, 2 Ba, - 1611 sq. ft. - prop code 4339 ~ $169,000 - 4 Bd, 2 Ba. - 1592 sq. ft. - prop code 4049 ~ $178,900 - 3 Bd, 2 Ba. - 1427 sq. ft. - prop code 4099 www.redbluffcoldwellbanker.com See All Tehama County Listings at TEHAMA COUNTY REAL ESTATE TEAM • OPEN 7 DAYS A WEEK Get Results! Put your ad in Real Estate ONLINE ADVERTISING INCLUDED. Call Suzy Noble @ 530.527.2151 ext 103 To place your ad . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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