Red Bluff Daily News

October 27, 2011

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8B Daily News – Thursday, October 27, 2011 Furniture Depot 235 So. Main St., Red Bluff 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 • SUN. 11:00-5:00 Rules: Haul, Drag or (have our guys do it) NEW YORK (AP) — Stock indexes finished high- er Wednesday following reports that China will come to the aid of Europe by investing in a financial rescue fund. Bring in any Sofa set, Mattress set, Dinette set or Recliner and receive $100 trade in toward a new one. *Minimum purchase required. Note: Only one trade in allowance per item purchased Stocks end higher on reports of help for Europe Wall Street Agence France-Presse reported that China has agreed to invest in Europe's financial rescue fund, which will be used to support struggling countries and banks in the European Union. The Dow Jones indus- trial average jumped more than 100 points after the report came out in the early afternoon. Stocks had been mixed for much of the day as investors weighed stronger earnings from Boeing and Corning with uncertainty about the outcome of a key meeting among European leaders. Top European officials met in Brussels to discuss how to contain the region's debt crisis, which has fes- tered for two years. One consideration is increasing the power of a financial rescue fund, which Germany's parliament approved shortly before U.S. stock markets opened. European officials announced a plan after the U.S. market closed that will require the region's banks to increase their levels of cash to better protect them- selves from losses on the Greek bonds they hold. European governments have been pressing the banks to forgive significant amounts of the Greek govern- ment's debt. ''This is a total news and rumor-driven market right $100* Just for sharing your local shopping and media preferences! Take the Pulse Research survey online only at: www.pulseresearch.com/redbluffdailynews Do it today – Survey will end when enough surveys are completed. *$100 gift certificates will be awarded to four individuals selected at random from among those completing the survey. Those selected may choose any store or business in Tehama County at which to redeem their gift certificate. Individual survey responses will not be shared with any third party. D NEWSAILY RED BLUFF TEHAMACOUNTY To volunteer please call or text 209-2644 (Bilinguals needed) Counseling Center Win WinWin Win You could now, and everyone's attention is focused on Europe,'' said Joe Bell, an analyst at Schaeffer's Investment Research. The Dow Jones industrial average gained 162.42 points, or 1.4 percent, to 11,869.04. Boeing Co. led the way. It rose 4.5 percent after it reported a bigger prof- it for its latest quarter than analysts expected. It also raised its forecast for 2011 earnings. The S&P 500 index rose 12.95, or 1.1 percent, to 1,242. The Nasdaq composite added 12.25, or 0.5 per- cent, to 2,650.67. Amazon.com Inc. slumped 12.7 per- cent after reporting a 73 percent drop in income. The retailer cited higher costs for expansion. Strong economic reports also helped send stocks higher. Businesses ordered more heavy machinery and other long-lasting manufactured goods last month, after excluding aircraft orders, which can be volatile. That indicates businesses are still spending on equip- ment despite worries about a weak economy and Europe's debt problems. Sales of new homes rose in September after falling for four straight months. Lower home prices enticed buyers. The yield on the 10-year Treasury note rose to 2.21 percent from 2.14 percent late Tuesday as demand diminished for assets perceived to be relatively safe. Corning Inc. rose 3 percent after reporting a 3 per- cent increase in income last quarter on stronger sales of glass for flat-panel televisions. Its earnings and rev- enue beat analysts' expectations. First Solar Inc. rose 6.6 percent. It reported results a week earlier than expected, and revenue and earnings both improved. That helped the stock recover some of its losses from Tuesday, when it fell 24 percent after the surprise departure of the company's chief execu- tive. Five stocks rose for every one that fell on the New York Stock Exchange. Volume was slightly above average at 4.8 billion shares. Lantino Outreach of Tehama County 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 590 Antelope Blvd. Suite B-30 Corning 275 Solano Street #2

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