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8B Daily News – Tuesday, October 25, 2011 Gold Exchange Join us in supporting Local Family Resource Centers No Butts Left Behind Annual Diaper Drive 2nd Donate diapers of any size by Oct. 31st Families in our community often have to decide whether to buy food or diapers. Help us give these families a break. www.redbluffgoldexchange.com Stocks reach highest level since August NEW YORK (AP) — Stock indexes closed Mon- day at the highest point since the U.S. debt limit showdown in August. The market was driven higher by a round of big corporate takeovers and reports that Europe's bailout fund will be larger than originally thought. The Nasdaq com- posite turned positive for the year. Fingerlake Mx Park AnnualHalloween 1st Race to benefit Kyle Anderson RACE DATE: SUN., OCT. 30, 2011 Weather permitting, Pratice, Sat., Oct. 29, 9am-2pm Gates Open: 7am • Practice: 8am • Race Starts: 9am Race Fees: $ 25 1st,$ 20 2nd, $ Gate Fees: Adults $7 • Children $5.00 (14 & under), 4 & under FREE Classes: 50cc, 65cc, 85 cc, 125/250, 250/open, Vets, Quads, Pit Bikes, Pros Raffle and Silent Auction 13751 Mendenhall Rd., Red Bluff, CA (530) 529-4777 www.Fingerlakemxpark.com 15 3rd ($5 extra non-members) 50 & 65 Class 1/2 PRICE for 1st race if you wear a costume while racing! (Gear must be worn underneath) Netflix Inc. plunged 26 percent in after-hours trad- ing after the DVD-by-mail and video streaming com- pany forecast a sharp drop in fourth-quarter profits. Investors are still waiting for a resolution to Europe's debt problems. European leaders said they made progress at a weekend sum- mit and plan to unveil con- crete plans for containing the crisis by Wednesday. The Dow Jones industri- al average was up about 40 points in the first hour of trading but moved steadily higher through midday fol- lowing reports that Europe's takeover fund will be great- ly expanded. It finished THE Locally owned & operated Keep the WARM air out & the 5A>6 air in ENERGY EFFICIENT WINDOWS with Better Built Windows REMEMBER US FOR ALL YOUR DOOR & MOLDING NEEDS. We're not just for contractors 1040 B Monroe St., Red Bluff (530) 527-7962 LIC#659256 • VITAMINS • MINERALS • HERBS Scanning by appointment Suite #E, Red Bluff, CA 96080 Counseling Center Giving Families Hope! Did you think we were just for children? • Individual & Family Counseling • Couple/Relationship Issues • Anger • Depression • Anxiety • Emotional Trauma • Family Relationships • Parenting Call our office for more info. 529-9454 Red Bluff www.rollinghillscasino.com Counseling Center 590 Antelope Blvd. Suite B-30 Corning 275 Solano Street #2 North VETERANS HALL 735 OAK ST. Red Bluff, Calif. THURSDAY NOV. 3 5pm-8pm FRIDAY NOV. 4 8am-8pm SATURDAY NOV. 5 10am-4pm Hand-crafted country gifts MAIN South Jackson (530) 528-2930 333 So. Main St. Herb Shop Compass Open: Tuesday-Friday 10:30 a.m.-5:30 p.m. with a gain of 104.83 points, or 0.9 percent, at 11,913.62. ''The market is expect- ing that there will be some kind of deal worked out Wednesday,'' when Euro- pean financial ministers are scheduled to meet, said Uri Landesman, president of Platinum Partners. ''If there's not a deal by then, the market is going down significantly.'' Even with concerns about Europe, U.S. compa- nies are still reporting big- ger profits. ''Although there is a good deal of economic and political uncertainty in the world, we are not seeing it much in our business at this point,'' Caterpillar Chief Executive Doug Oberhelman said. The maker of construc- tion equipment reported a 44 percent surge in income, more than Wall Street ana- lysts were expecting, thanks to strong growth in exports. The company said it expect- ed the global economy to continue recovering, albeit slowly. Caterpillar jumped 5 percent, the most of the 30 companies in the Dow. The Standard & Poor's 500 index rose to 1,254.19. That is just 3.45 points, or 0.3 percent, below where it started the year. It's the highest close for the S&P 500 since Aug. 3, just as Washington was resolving a showdown over raising the country's borrowing limit. If the S&P 500 finishes the year with a gain, it will be its biggest turnaround since 1984. The Nasdaq composite rose 61.98, or 2.3 percent, to 2,699.44. The gains turned the Nasdaq positive for the year. The S&P 500 is the only major market index that remains lower than where it started the year. The Russell 2000 index of small companies rose 3.3 percent as investors moved money into higher-risk assets. Netflix sank 26.4 percent post-market trading after forecasting fourth-quarter income that was far below what analysts were expect- ing. Through Monday's close the stock had plunged 59 percent since July 12, when it raised prices and announced a plan to break its DVD-by-mail business into a separate company. The company abandoned the plan after it triggered a revolt among subscribers. Other major U.S. com- panies due to report earn- ings this week include UPS Inc., Ford Motor Co. and Procter & Gamble. Analysts expect compa- nies in the S&P 500 to report earnings growth of 14 percent for the third quarter, according to data provider FactSet. They expect a 10 percent gain in revenue. Expenses are also expected to climb. Higher costs for raw materials helped drag down income 8 percent at Kimberly-Clark Corp., which reported results Monday. The stock fell 5 percent. The company is a major consumer prod- ucts maker whose brands include Huggies and Kleenex. Higher costs also hurt cigarette maker Lorillard, which reported a 3 percent drop in income. Lorillard's stock fell 0.6 percent. A series of corporate deals helped lift the market, said Phil Orlando, chief equity strategist at Federat- ed Investors. ''This is telling us that companies think stocks are cheap, and they're willing to spend some of the cash that's sit- ting around on their balance sheets,'' he said. Deals announced includ- ed: — HealthSpring Inc. jumped 34 percent after Cigna Corp. said it will buy the health insurer for about $3.8 billion in cash. Cigna rose 1.4 percent. — RightNow Technolo- gies Inc. gained 19 percent after Oracle Corp. said it will buy the tech service company for about $1.5 bil- lion. Oracle rose 2.3 per- cent. — Mattel Inc. rose 2 per- cent after it agreed to buy Hit Entertainment, the owner of the Thomas & Friends and Barney brands, for $680 million in cash. — The J.M. Smucker Co. added 0.7 percent after it bought most of Sara Lee Corp.'s North American foodservice coffee opera- tions for about $350 mil- lion. Five shares rose for every one that fell on the New York Stock Exchange. Volume was average at 4.2 billion shares. WALNUT OAK ST. Chris'