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8B Daily News – Tuesday, June 28, 2011 (AP) Signs that a widespread European debt crisis could be averted helped send stocks up Monday. French banks agreed to accept slower repay- ment of Greece’s debt, giving Greece more time to meet its other financial obligations. French banks hold $21.3 billion in Greek government debt. Greek lawmakers also began debate more budget- cutting measures. Greece’s parliament needs to pass the new austerity plan this week before the country can receive a $17 billion installment from a res- cue package arranged last year. The U.S. govern- ment, meanwhile, said that spending by con- sumers decreased in May, after adjusting for inflation. April’s fig- Euro debt news lifts stocks after last week’s loss Wall Street ures were also revised downward, revealing the first decline since January 2010. Con- sumer spending accounts for 70 percent of economic activity. Gas prices nearing $4 per gallon in late April and early May curtailed spending on retail goods such as televi- sions and clothes. Since then, gas prices have fallen to a national average of $3.57 per gallon. Oil prices have declined steeply over the last few weeks, which should eventually translate into even lower pump prices. Analysts say lower gas prices could help boost consumer spending in other areas in the com- ing months. The Dow Jones 9:00am to 6:00pm 345 So. Main Street • Red Bluff • 527-4588 AvoDerm Grain FREE Avo Dog Food Salmon & Potatoes Red Meat & Potatoes Natural NEW 4.4 lb. bags Buy 1 Get 1 FREE While supplies last COME TO US FOR ALL YOUR PET SUPPLIES! “When you need it done right … Hire only a licensed contractor!” 2011 Tehama County Contractors Guide Publishing the business name, license number and telephone number of all Tehama County building and related contractors in good standing with the State of California, listed by primary professional specialty. Printed Version: 3,000 local distribution, through Spring, 2012 • Chambers of Commerce • Home Improvement Centers • Real Estate and Title Offices • City and County Offices • Advertisers’ Businesses • Magazine size, unbound, high-bright newsprint • Full color positions available Online Version: Publication hosted on the front page of Tehama County’s most visited website: www.redbluffdailynews.com • Online 24/7 through Spring, 2012 • Digital, page-turn technology • Click through from ads online to advertiser’s web page or a free “splash page” • Weekly promotion of the Contractors Guide online in The Daily News’ Real Estate Pages • Note: 2010 online version received 5,051 views! Advertiser Benefits: • One FREE enhanced Bold listing for contractor advertisers over 1/4 page, including up to 18 words of descriptive copy, in addition to basic listing information. • All advertisers: 1 year of an enhanced business listings on The Daily News’ Online Yellow Pages: Just $50.00 (one time!) Advertising Deadline: Tuesday, July 5, 2011 First Distribution/Published Online: Tuesday, July 12, 2011 ADVERTISING RATES (Print and Online Editions): Contractors: Duplicate basic listing under additional contractor categories: $10 ea. 1/8 page 1/4 page Half Page Full Page $65.00 $110.00 $175.00 $310.00 RED BLUFF Inside Front Page $400.00 Back Page: Full color: D NEWSAILY TEHAMACOUNTY T H E V O I C E O F T E H A M A C O U N T Y S I N C E 1 8 8 5 $445.00 Add 20% Call your Daily News advertising representative today (530) 527-2151 Education Calendar July, 2011 June 30th Auxiliary Summer Pie Sale Hospital Main Lobby July 11th Cardiac Support Group 7 PM Coyne Center call 527.5077 July 12th Community CPR 6 PM call to register 529.8031 July 16th St. E’s Sports Medicine Presents: Professional Bull Riders 6 PM Tehama District Fairgrounds, call 527.6220 July 19th Diabetes Classes 12:30 PM Coyne Center, call to register 529.8031 Thursdays Grief Support Group, Coyne Center 3 PM call 528.4207 St. Elizabeth Community Hospital A member of CHW www.redbluff.mercy.org/sports redbluff.mercy.org Better Built Windows REMEMBER US FOR ALL YOUR DOOR & MOLDING NEEDS. 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In this case, the key number is 1,257 — the S&P’s break-even fig- ure for the year, said Todd Salamone, direc- tor of research at Scha- effer’s Investment Research. The S&P approached that level in March and again earlier this month. Both times, the market rallied as so- called technical traders poured into the market. The Monday-morn- ing rally was driven by ‘‘a combination of trad- ing on that (break-even) level and a catalyst, the situation in Europe,’’ Salamone said. ‘‘Whether we sustain it is another question.’’ Stocks rose broadly. All 10 industry groups in the S&P were higher, with financials, infor- mation technology and retail stocks showing the strongest gains. Amazon.com Inc. rose 4.5 percent to $201.25, making it the top-preforming compa- ny in the S&P 500. Morgan Stanley ana- lysts said the online retailer should benefit from expanding interna- tional sales in places like Japan and Ger- many, where densely populated cities leave little room for large low-price retail stores. Shares of electronics maker Molex Inc. fell 4 percent, the most in the S&P, after analysts with Ticonderoga Securities downgraded the stock to ‘‘sell’’ from ‘‘neutral.’’ They said the slow economy has hurt demand for tech gad- gets like the smart phones that Molex man- ufactures. Broad markets have dropped for seven of the past eight weeks as traders received a string of dismal economic data showing that the recovery is slowing. The Dow sank 1 percent on Friday, and the S&P 1.2 percent. The Nasdaq lost 1.3 percent. The S&P and the Dow both are down 7 percent since they hit their highs for the year on April 29. However, the Dow is still up 4 percent for the year, and the S&P is up 1.8 per- cent. At the end of June last year, the Dow was down 6.3 percent and the S&P 7.6 percent. The Dow finished the year up 14 percent, the S&P up 12.8 percent. Europe’s debt prob- lems have weighed on global markets in recent weeks, with major indices reacting daily to the news about Greece’s progress toward a sec- ond bailout loan pack- age. If Greece defaults, the fear is, investors will lose faith in the financial strength of other countries that have borrowed heavily or hold billions in Greek debt. That could lead to a credit crunch — when banks virtually stopped lending to one another — similar to what sparked the broad- er financial crisis after the investment bank Lehman Brothers col- lapsed in 2008. Amazon.com Inc. rose 4.5 percent, the top-preforming compa- ny in the S&P 500 index. Morgan Stanley analysts said the online retailer should benefit from expanding inter- national sales More than two stocks rose for every one that fell on the New York Stock Exchange. Con- solidated trading vol- ume was 3.3 billion shares, lighter than average. Nicole Richardson Salon Bella Dona Full Service Salon June Special 30% OFF Located next to any service. Bud’s Jolly Cone Call for appt. 527-4843 (exp. June 30, 2011)