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4B Daily News – Wednesday, May 25, 2011 Stocks slip as Europe worries linger NEW YORK (AP) — Contin- ued worries about Europe’s linger- ing debt crisis overshadowed a small rebound in oil prices and pushed stocks slightly lower on Tuesday. Oil rose nearly $2 to $99.59 per barrel after major banks raised their forecasts for crude prices. Goldman Sachs, J.P. Morgan and Morgan Stanley analysts predict- ed a rise in global demand would drive oil prices higher later this year. Goldman analysts say oil prices could reach $135 a barrel by the end of 2012. Stocks swung between gains and losses throughout the day, with Chevron Corp. and other energy companies posting the largest gains. Energy companies in the S&P 500 rose 1.3 percent, the most of the ten industry groups in the index. The Dow Jones industrial aver- age fell 25.05 points, or 0.2 per- cent, to close at 12,356.21. The Standard & Poor’s 500 index fell 1.09 point to 1,316.28. The Nas- daq composite fell 12.74, or 0.5 percent, to 2,746.16. Stocks had been on a tear for the first four months of the year, lifted by stronger earnings reports, an improving job market and other signs of economic recovery. But all three major indexes have lost more than 3.5 percent this month, even as earnings remain strong. Widespread optimism has been shoved aside by a host of concerns, especially the impact of higher oil prices on consumer spending and the risk that Europe’s debt troubles could get worse. Markets faced more troubling news about Europe on Tuesday, when Greece’s main opposition party said it opposed the govern- ment’s latest attempts to reduce debt. The news further dampened hopes that the country might be able to repair its finances enough to get another loan package from the International Monetary Fund. Ratings agency Moody’s also warned that a restructuring of Greece’s debt would be consid- ered a default. That would cause borrowing costs for other debt- strapped European countries to soar. Uri Landesman, president of hedge fund manager Platinum Partners, said a Greek default could start a chain reaction affect- ing larger countries like Spain — the fourth-largest economy in Europe — wreaking havoc on the global economy. ‘‘If you had a Spanish default, there wouldn’t be a single world bank not affected,’’ Landesman said. U.S. banks had $187 billion at stake in Spain as of the end of last September, according to the most recent data from the Bank of Inter- national Settlements. The amount includes holdings of government debt, derivative contracts and other commitments. European stocks managed to recover from Monday’s declines, in part because of a reassuring report from Germany that busi- ness optimism was holding steady. Both Germany’s DAX and England’s FTSE 100 ended the day 0.4 percent higher. France’s CAC-40 added 0.3 percent. The euro also rose slightly against the dollar after falling to a two-month low Monday. The U.S. Commerce Depart- ment reported that sales of new homes rose slightly in April, but at a pace far below what would be normal in a healthy housing mar- ket. New home sales rose to an annual rate of 323,000 from 300,000 in March. New homes are unappealing to budget-conscious families because their median price is near- ly 31 percent higher than previ- ously-occupied homes. That’s twice the price difference typical of a healthy economy. At their current rate, new-home sales are on track to experience a sixth straight year of declines. Energy company El Paso Corp. rose 6 percent, the most of any stock in the S&P 500, after saying it plans to split itself into two pub- licly-traded businesses by the end of this year. Falling shares outpaced rising ones by a small margin on the New York Stock Exchange. Trad- ing volume was 3.6 billion shares. Legal Notices Legal Notices Legal Notices Legal Notices ,p y LEGAL NOTICE Legal Notices Legal Notices 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): Fourteen Thousand Seven Hundred dollars ($14,700.00) valued in terms of United States Currency, seized from or about the person or property of Amanda Young. Notice is hereby given that the above described property was seized on January 12, 2011, at 2332 Etta Lane, Durham, CA by the T.I.D.E. for alleged violations of California Health and Safety Code Section(s) 11359 and 11360. On January 12, 2011 non-judicial forfeiture proceedings were commenced by the Tehama County District Attorney in Ac- tion #AS11-478. 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: May 6, 2011 Gregg Cohen, District Attorney By: MATTHEW D. ROGERS, Assistant District Attorney Publish: May 11, 18 & 25, 2011 LEGAL NOTICE PUBLISH DATE: May 23, 24 & 25, 2011 NOTICE OF TRUSTEE’S SALE TS No. 08-0054432 Title Order No. 3750570 APN No. 101-100-20-1 YOU ARE IN DEFAULT UNDER A DEED OF TRUST, DATED 06/22/2006. 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. Notice is hereby given that RECONTRUST COMPANY, N.A., as duly appointed trustee pursuant to the Deed of Trust executed by SARAH SPENCER, AN UNMARRIED WOMAN, dated 06/22/2006 and recorded 06/28/06, as Instrument No. 2006-013322, in Book , Page ), of Official Records in the office of the County Recorder of Tehama County, State of California, will sell on 06/15/2011 at 2:00PM, At the main entrance to the Tehama County Courthouse, 633 Washington Street, Red Bluff, Tehama County, CA at public auction, to the highest bidder for cash or check as described below, payable in full at time of lll i h i l d i HOME SERVICES DIRECTORY Print Runs Every Monday - Wednesday- Friday $9900 Appliance Service & Used Appliances Appliance Repair Rod Pierce service on all major appliances. 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Lic. #703511 Steve Dyke 385-1783 Yard Maintenance Brent Kremer Year Round Services Yard Maintenance (530) 321-0981 Commercial & Residential * Lawns * Bushes * Tree Trimming * Clean-ups * Sprinkler Repair & Installation FREE ESTIMATES sale, all right, title, and interest conveyed to and now held by it under 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: 19505 COVINGTON MILL DRIVE, COTTONWOOD, CA, 96022. The undersigned Trustee dis- claims any liability for any in- correctness of the street ad- dress and other common desig- nation, if any, shown herein. The total amount of the unpaid bal- ance with interest thereon of the obligation secured by the property to be sold plus reason- able estimated costs, expenses and advances at the time of the initial publication of the Notice of Sale is $357,140.22. It is possi- ble that at the time of sale the opening bid may be less than the total indebtedness 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 feder- al 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. If required by the provi- sions of section 2923.5 of the California Civil Code, the decla- ration from the mortgagee, ben- eficiary or authorized agent is attached to the Notice of Trust- ee’s Sale duly recorded with the appropriate County Recorder’s Office. DATED: 08/30/2008 RECONTRUST COMPANY, N.A. 1757 TAPO CANYON ROAD, SVW- 88 SIMI VALLEY, CA 93063 Phone/Sale Information: (800) 281 8219 By: Trustee’s Sale Offi- cer RECONTRUST COMPANY N.A., is a debt collector attempt- ing to collect a debt. Any infor- mation obtained will be used for that purpose. FEI # 1006.34754 5/25, 6/01, 6/08/2011 Take a minute and place a classified ad in the DAILY NEWS CALL 527-2151 Master-Card & Visa accepted for your convenience. YOUR CLASSIFIED WILL APPEAR ON OUR WEBSITE www.redbluffdailynews.com CLASSIFIED ADS WORK for others and they will for you. TRY ONE! Call the Daily News today at 527-2151. Office Hours: Mon.- Fri. 9 am-5 pm Your classified will appear on our website redbluffdailynews.com ✄ ✄