Issue link: https://www.epageflip.net/i/38781
6A Daily News – Wednesday, August 10, 2011 Commerce business • New Members – The Corning Chamber of Commerce welcomes these new members: Casa Ramos, 636 Edith Ave. in Corning. Phone: (530) 824-3123, Turner Ranch, 4271 East Ave. in Corning. Phone: (530) 824- 3240, Susan Price Consulting, P.O. Box 376, in Corning. Phone (530) 518-0877, and Safeway Inc. 600 Edith Ave. in Corning. Phone: (530) 824- 2467. • Business Spotlight – Olive Capital Mortgage, 1408 Solano Street in Corn- ing, is our business spotlight of the week. The phone number is 824-3699. Olive Capital Mortgage offers many different types of home loans, includ- ing Conventional, USDA, FHA and VA loans. Ronda Holland and Liz Her- nandez-Solis, who is bilingual, work in the office. Ronda said, "We are here to help people obtain a quality home loan, whether they want to purchase a home or refinance their current mort- gage. We offer a wide variety of home loans; including loans for first time home buyers with no money down if they qualify. We also have loans for investors who want to buy a rental property. We have access to many dif- ferent lenders which gives us the abili- ty to choose the best interest rate and program for each individual". Ronda Holland, Branch Manager & and loan officer was with Fox Funding when they opened eight years ago and joined the Corning Chamber of Com- merce then. She bought Fox Funding and changed the name to Olive Capital Mortgage five years ago and continued membership with that name. In Febru- ary of 2009 she joined as a branch office of First Priority Financial Inc, but retained the Olive Capital Mort- gage name. She has now been a mem- ber of the chamber for eight years. Office hours are Monday through Friday from 10am-5pm, with appoint- ments available most evenings and weekends. If you are looking for a home loan give Ronda a call at 824- 3699. • Youth Fair – 10 a.m. to 3 p.m. this Saturday, the Annual Youth Festival will take place at Northside Park. There will be activities for kids, infor- mational booths, face painting, and a raffle for backpack with school sup- plies, food and drinks and fun for the whole family. Free swimming at the City Pool from 1 to 3 pm sponsored by enterprise Corning Chamber of Commerce Lab and respiratory therapy the Corning Rotary. For more informa- tion contact Carol Curry – 824-7670. • Miss Corning Contest – The Miss Corning Program is at 7 p.m. on Sat- urday, Aug. 13, at the Veterans Memo- rial Hall. The contestant chosen will reign as Queen of the Olive Festival and as Miss Corning through out the year, representing the Corning Cham- ber of Commerce. Everyone is wel- come and the program is free to attend. • Movie – 2nd Saturday at the Mill – 6:30 to 9:30 p.m., this Saturday at Lucero Olive Oil, 2021 Loleta Ave. will be the last for the summer. The movie, Truck Farm, will be shone and is a documentary. Bring your lawn chairs to watch this outdoor movie. You can learn more about the movie by going to www.truck- farm.com. If you aren’t interested in the movie there will still be plenty to experience. The event is open to every- one. The movie, vendor sampling, and popcorn are free to attendees. Wine and beer tickets may be purchased at the event. receives accreditation St. Elizabeth Community Hospital’s Laboratory and Res- piratory Laboratory have been awarded an accreditation by the College of American Pathologists (CAP), based on the results of a recent onsite inspection. The Laboratory’s Medical Director, Tikoes A. Blanken- berg, M.D., and the Respiratory Therapy Laboratory’s Director, Steven W. Struve, M.D., were advised of this national recognition and congratulated for the "excellence of the services being provided." These are two of nearly 7,000 CAP-accredited laboratories nationwide. The Laboratory is a growing department of the hospital. Recently, the hospital expanded, offering services in three locations; within the hospital, at the St. Elizabeth Imaging Center and the newest location in the Corning Rolling Hills Health Clinic building on Solano Street. “We are proud of this distinction and have always focused to ensure the highest standard of care for all laboratory patients,” said Sally Guiney, director of Laboratory Services. The Respiratory Therapy Laboratory is managed sepa- rately from the Laboratory services of St. Elizabeth. This stand-alone lab is utilized to test arterial blood oxygen, which is especially important to anyone who may be suffer- ing from potential organ damage such as heart disease. The therapists are specially trained to find the specific arteries as opposed to veins that will supply the appropriate sample of blood that is used for an ABG or arterial blood gas test. In some escalated cases, respiratory tests are required to make quick life or death decisions. “We have worked diligently to maintain the performance and accuracy of our equipment and the protocols in our Res- piratory Therapy Laboratory,” said Pat O’Brien, R.R.T., supervisor of Pulmonary Diagnostics. and financial markets rallied. The Dow Jones industrial average surged more than 429 points, its tenth-highest point gain in history and the biggest since March 2009. It was just one day after the Dow had its worst point decline since 2008. The Fed- eral Reserve pledged to keep its key interest rate at its record low of nearly zero through the middle of 2013. The central bank also said that it has discussed ‘‘the range of poli- Dow soars 429 points on Fed statement Wall Street NEW YORK (AP) — The Fed spoke — cy tools’’ it can use to spur the economy. Bob Doll, chief equity strategist at Black- Rock, said the Fed’s decision to hold interest rates at a very low rate for two years is ‘‘unprecedented’’ and called it a kind of ‘‘backdoor quantitative easing.’’ In June, the central bank finished a second round of buy- ing Treasury securities, also known as quan- St. Elizabeth Community Hospital Sports Medicine Program A member of CHW redbluff.mercy.org/sports Tehama County Coaches Clinic Friday, August 12, 2011 8am-4pm Red Bluff High School Library Conference Room No Cost to Attend! Lunch will be provided for all participants! Presenters: Ed Stroman PT, ATC, CSCS • Dr. Riico Dotson, M.D. Lonnie Scott, MA, ATC. •Stephanie Hartman, MS, ATC Our mission is to present coaches with an opportunity to learn about injury prevention, treatment, rehabilitation, and life-threatening injuries and illnesses. All levels and ages are welcome. Tehama County Department of Education Working in Partnership with St. Elizabeth Community Hospital’s Sports Medicine Program 3 AREA LOCATIONS! RED BLUFF 2001 Main Street 530-527-2684 CORNING 636 Edith Avenue 530-824-3123 WILLOWS 247 N. Humboldt Avenue 530-934-0600 BAR SPECIALS WINE & WELL DRINKS $3 MARGARITAS $3.50 1/2 PRICE APPETIZERS HAPPY HOUR 2nd Annual titative easing, in hopes of boosting the economy. ‘‘Markets are going to do what they would have done if the Fed went out and bought securities,’’ Doll said. He said he expects investors will return to stocks after the broad sell-off of the least few weeks. He expects stocks to continue to rally because a slow-growing U.S. economy won’t harm corporate profits. As a whole, the companies in the Standard & Poor’s 500 index reap more than half their revenue over- seas. What’s more, companies have already cut costs significantly, have hoarded cash and squeezed more production out of work- ers. Even as the U.S. economy has slowed, the S&P 500 as a whole was expected to earn record profits this year. ‘‘Corporate America has demonstrated that it can generate good growth and profits despite a weaker U.S. economy,’’ Doll said. The Dow rose 429.92 points, or 4 per- cent, to 11,239.77. On Monday, the Dow plunged 634.76 points in the first trading day after Standard & Poor’s downgraded the U.S. one notch from its top AAA credit rat- ing to AA+. The S&P 500 rose 53.07, or 4.7 percent, to 1,172.53. The Nasdaq composite index rose 124.83, or 5.3 percent, to 2,482.52. At first, markets reacted much differently to the Fed’s statement. Stocks fell as much as 205 points after the Fed’s 2:15 p.m. EDT statement. Gold surged more than $50 per ounce to $1,774. The yield on the 10-year Treasury note briefly touched a record low of 2.03 percent, after closing Monday at 2.34 percent. An hour later with less than 45 minutes until the market closed, stocks rallied, gold retreated off its high and the yield on the 10- year Treasury note quickly headed higher. It was at 2.26 percent late Tuesday. A bond’s RED BLUFF COLLISION ✪Windshield Replacement $ starting at 200 ✪ Auto Detailing $ 50 off your 1st visit FREE Estimates 530.527.6160 915 Madison St., Red Bluff yield drops when its price rises. Howard Silverblatt, senior index analyst at S&P, called it the ‘‘Big Ben turnaround,’’ referring to Fed chair Ben Bernanke. The industries that did best on Tuesday were the ones that fell the most on Monday. Financial stocks in the S&P 500 rose 8.2 percent after falling 10 percent Monday. Materials companies, which rely on a stronger global economy for their profits, rose 5.9 percent. Only seven of the 500 stocks in the index had declines. All 30 stocks in the Dow rose. Bank of America Corp., which was down more than 20 percent Monday, rose 16.7 percent, the most of any stock in the Dow. Aluminum maker Alcoa Inc. was up 8 per- cent. Technology company MEMC Electronic Materials Inc. led the S&P 500 higher, gain- ing 19.1 percent. Boosting the stock market isn’t one of the Fed’s jobs, but that hasn’t stopped investors from parsing every word of the statements made by the Fed and Bernanke. The Fed’s mandate is to keep prices sta- ble and promote low unemployment, not boost stocks. But a stock dive after Fed com- ments has happened before. On June 3, the stock market suffered a late-day dive when Bernanke spoke at a conference. Investors said they were looking for a hint of new plans to spur economic growth. When that didn’t come, all three major indexes sank. After Bernanke outlined the plan for a second round of quantitative easing in August 2010, the S&P 500 index gained 28 percent over eight months. Investors pointed to that rebound as evidence that quantitative easing worked — and so did Bernanke. This sentiment led some people to believe that if stocks fall too far, the Fed would come to the rescue. K W I K K U T S Family Hair Salon 1064 South Main St., Red Bluff • 529-3540 with coupon $200 REGULAR HAIRCUT off Not good with other offers Reg. $13.95 Expires 8/31/11 $10 OFF BILL OF $50 OR MORE One coupon per table. Dine in only. Not valid with 2 for $20 meal deal or any other discount offer. Must present and surrender coupon Monday-Thursday only, lunch or dinner. Expires 8/31/11 BILL OF $20 OR MORE $5 OFF One coupon per table. Dine in only. Not valid with 2 for $20 meal deal or any other discount offer. Must present and surrender coupon Monday-Thursday only, lunch or dinner. Expires 8/31/11 Mexican Restaurant MONDAY-FRIDAY 3PM-6PM