Red Bluff Daily News

June 18, 2011

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8A Daily News – Saturday, June 18, 2011 (AP) — Signs that a solution to Greece’s debt problems could be near helped the stock market eke out its first week of gains since April. Germany softened its conditions for giving Greece more loans on Fri- day, putting Greece closer to getting more financial support and avoiding a default. Global financial markets were rattled earlier this week when a default by Greece seemed imminent. Traders worry that a default by Greece could trigger another financial cri- sis, weakening the euro and leading to widespread loss- Stocks have their first winning week since April Wall Street that large companies are fal- tering. es for banks and govern- ments that hold Greek bonds. A default would also push up the value of lower- risk assets like the dollar and U.S. government bonds. The Dow Jones industri- al average closed up 42.84, or 0.4 percent, at 12,004.36. The Standard & Poor’s 500 index rose 3.86, or 0.3 per- cent, to 1,271.50. The gains weren’t wide- spread. The technology- focused Nasdaq composite index lost 7.22, or 0.3 per- cent, to 2,616.48 after signs BlackBerry maker Research In Motion Ltd. plummeted 21 percent after giving a surprisingly weak forecast for the current quarter and the remainder of the year. The company is struggling to compete with Apple Inc.’s iPhone and Android phones. Other technology companies like Intel Corp. and Cisco Sys- tems Inc. fell 0.3 percent, the biggest drop among the 10 industries that make up the S&P index. Among other U.S. com- panies, credit research firm Moody’s Corp. dropped 5 The law firm of McGlynn and McGlynn is pleased to announce that Laura Clark will be joining the firm on July 1, 2011. Laura brings experience in the areas of family law, civil litigation and criminal defense. She is a graduate of Boalt Hall at the University of California Berkeley and will continue the firm’s tradition of aggressive and effective representation of our clients. ‘Yard Sale Map’ Updated Thursday afternoon – for weekend Yard Sales! Click on locations for exact addresses and driving directions! ‘ at www.redbluffdailynews.com . Mouse over the red ‘ ’ tab and scroll down to ‘ ’ can be easily accessed from our top menu ’ and click. Wholesale Club Inc. dipped nearly 1 percent after two private equity firms made a bid for the warehouse club chain. percent after analysts down- graded the company. McGraw-Hill Cos., which NEW YORK (AP) — Searching for airfares often seems to be a game passen- gers are set up to lose. Prices change from day to day, even minute to minute. Scouring multiple websites for the best deal can be overwhelming. And after you book, there’s no guarantee that you got the best price. ‘‘You just don’t know when to pull the trigger. It’s not like buying anything else I can think of,’’ said George Hobica, founder of Airfarewatchdog.com. owns rival rating agency Standard & Poor’s, fell nearly 4 percent. And BJ’s Harriet Levy paid $179 for a recent round-trip flight on American Airlines between New York and Fort Lauderdale, Fla. Sitting just one row behind her, Shirley Harrison paid $215. A few rows back, Ellis and Dianne Traub paid $317 each. There were at least 12 fares on the flight, ranging from $169 to $360. Fares can fluctuate sig- nificantly in just a few hours. One Delta flight from New York to Los Angeles jumped from $755 to $1,143 from a Friday to Sat- urday in late April, then fell to $718 on Sunday. The flight was one of a dozen The Associated Press tracked over three months for a July 16-22 vacation. The No. 1 finding: Avoid The World Famous Palomino Room 1/2 off Lunch or Dinner entrée with purchase of 1 entrée must present coupon *equal or lesser value Lunch: Tues-Fri 11am-2pm Dinner: Thurs-Sat 4pm-9pm 723 Main St., Red Bluff 527-5470 www.palominoroom.com The S&P 500 finished the week just 0.04 percent higher than where it started. That tiny gain was enough to break a six-week losing streak that went back to the last week in April. The S&P 500 index hits its high for the year on April 29, and has fallen nearly 7 percent since then. Nearly two stocks rose for each that fell on the New York Stock Exchange Fri- day. Consolidated volume came to 4.4 billion shares. Searching for airfares doesn’t have to be gamble booking tickets on week- ends. It’s the most expen- sive time to buy. Before booking, travel- ers should heed this addi- tional advice: — Book on Tuesday, Wednesday and Thursday. That’s when airlines most often offer sales. — Buy in advance, but not too early. The best time is four to six weeks before traveling. In general, prices for any given flight are highest eight to 10 weeks and two to three weeks in advance. — Embrace social media. Airlines are giving more benefits, like exclusive sales, to travelers who inter- act with them on Twitter and Facebook. Specials are often gone within hours. 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 + cert. Pass or FREE retest 527-9841 • 195 S. Main St. 527-6727 243-2303 365-1429 Me Call the school of your choice for more information.... Check Out our online Yar Yar d S Classified a le Map d S a le Map

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