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8B Daily News – Tuesday, November 8, 2011 NEW YORK (AP) — A late rally pushed the Dow Jones industrial average back above 12,000 Monday as investors responded to the latest twists in Europe's efforts to con- trol its debt crisis. U.S. indexes were Stocks push higher; Dow regains 12,000 mark Wall Street down for much of the day on worries that Italy could become the next country to run into trouble. Stocks turned higher after 2 p.m. East- ern on news that Greece would receive the latest installment of emer- gency aid as long as the country's two main par- ties commit to imple- menting economic reforms agreed to by the country's previous gov- ernment. Investors again react- ed to whatever was the latest headline out of Europe. The region's problems have been off- setting optimism about strong corporate earn- ings in the U.S. and signs of improvement in the economy. ''Every day it seems like it's the butting of heads between whatever the latest rumor is out of Europe with good economic data and cor- porate earnings,'' said Karyn Cavanaugh, a market strategist with ING Investment Man- agement. ''It's over- shadowing the fact that earnings are on track to be the best year ever.'' The Dow rose 85.15 points, or 0.7 percent, to close at 12,068.39. The Dow closed near its highest point of the day and had been down as many as 102 points shortly after midday. Hewlett-Packard Co. rose 3.4 percent, the most of the 30 stocks in the Dow. The Standard & Poor's 500 index rose 7.89, or 0.6 percent, to 1,261.12. Last week the S&P had its first down week since September. The Nasdaq rose 9.10, or 0.3 percent, to 2,695.25. Worries that Italy could become the next victim of Europe's debt crisis kept investors uneasy. Italy's borrowing rates spiked Monday to the highest level since the country adopted the euro. Unlike Greece, Portugal or Ireland — all of which received financial lifelines — Italy has too much debt to be rescued by its European neighbors. Prime Minister Silvio Berlusconi has rejected suggestions that he resign to make way for more cost-cutting. In Greece, the two main political parties agreed over the week- end to share power in a new government after George Papandreou said he would step aside as prime minister. Euro- pean finance officials agreed to release the next slice of bailout money to Greece as long as leaders of the parties agree in writing to carry out austerity measures required by international lenders. The payment has been delayed by two months and is needed to avoid a potentially dis- astrous default on the country's debt, which would roil financial markets and cause loss- es for European banks. The worries over Europe's debt problems lifted the prices of assets seen as safe havens. The yield on the 10-year Treasury note fell to 2.01 percent from 2.04 percent late Friday. Bond yields fall when their prices rise, reflect- ing an increase in demand. Gold rose 2 percent. In corporate news: — Amgen Inc. rose 5.9 percent to $58.43, the most in the S&P 500 index, after the biotech drugmaker said it would buy back up to $5 bil- lion of its stock. — Dish Network Corp. rose 5 percent to $24.66 after the satellite TV provider announced a special $2 per share dividend and a 30 per- cent increase in net income. — Home Depot Inc. rose 2.6 percent to $37.34 after getting upgraded by analysts. Rising stocks slightly outnumbered falling ones on the New York Stock Exchange. Vol- ume was lighter than average at 3.4 billion shares. UPS expects 6 percent rise in holiday shipments NEW YORK (AP) — Online gift-buying pro- crastinators are expect- ed to drive a 6 percent increase in UPS pack- age deliveries the week before Christmas this year. The world's largest package delivery com- pany said Monday it expects a total of 120 million packages around the world during the company's ''peak week,'' compared with 113 million last year. The Atlanta company predicts its busiest day will be Dec. 22, when it expects to deliver 26 million parcels. UPS' smaller rival, FedEx Corp., expects to handle 17 million pack- ages on its busiest day, Dec. 12. That's 10 per- cent more than its busiest day last year. Both companies have seen steady growth in shipments throughout the critical holiday sea- son because they're benefiting from contin- uing growth in ship- ments from shoppers that buy gifts from their home computers rather Respecting People. Impacting Business Call us. And get back to work. 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All of those will be within the 10 days before Christmas. Last year, UPS only reached that level on its busiest day. To keep up with the surge of packages, UPS plans to hire 55,000 seasonal workers in the U.S. to work as driver helpers, package sorters, loaders or 1010 Jefferson St., Red Bluff 527-7800 unloaders. That's up from the 50,000 it hired in 2010 and 2009, but down from the 60,000 it hired in 2007. UPS didn't say how many it hired in 2008. Most deliveries on UPS' busiest day will come from online retail- ers like Amazon.com. The items shipped most often through UPS and FedEx during the holi- days include books, clothes and personal electronics such as iPads and smartphones. THE Locally owned & operated Keep the 5A>6 air out & the WARM air in 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 ENERGY EFFICIENT WINDOWS & DOORS