Red Bluff Daily News

November 26, 2011

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4A Daily News – Saturday, November 26, 2011 The worst week for the stock market in two months ended with a whimper in thin trading Friday. The Dow Jones industri- al average lost 4.8 percent this week, while the broader Standard & Poor's 500 index fell 4.7 percent. Both had their worst weeks since Sept. 23. Major indexes wavered throughout Friday's session, which was shortened because it's the day after Thanksgiving. Worries about Europe's debt crisis flared up again after Italy had to pay 7.8 percent to borrow for two years at a debt auction. It's another sign that investors are increasingly hesitant to lend to European countries. Stocks slip to end roughest week since Sept. Wall Street NEW YORK (AP) — The euro slipped to $1.32, losing 2 percent this week against the dollar. The drop puts the euro at its low- est level since Oct. 4. Higher interest rates on government debt of Italy, Spain and other European countries have rattled stock markets in recent weeks. When borrowing costs climb above the 7 percent threshold, it deepens investor fears about a gov- ernment's ability to manage its debts. Greece, Ireland and Portugal had to seek financial lifelines when their interest rates crossed the same mark. The Dow fell 25.77 points, or 0.2 percent, to Corning's 16th Annual Hometown Christmas Gott Trees? Schedule of Events Saturday, December 3, 2011 close at 11,231.78. Of the Dow's 30 stocks, Chevron Corp. lost 1.6 percent Fri- day, the biggest drop. Trav- elers Cos. Inc. added 1.2 percent, the largest gain. The S&P 500 lost 3.12 points, or 0.3 percent, to 1,158.67. The Nasdaq com- posite dropped 18.57, or 0.8 percent, to close at 2,441.51. Trading volume was 1.6 billion, less than half the daily average. Markets were battered this week as governments in Europe and the U.S. strug- gle to tackle their debts. The Dow lost 248 points on Monday as a Congressional committee failed to reach a deal to cut federal budget deficits. It plunged 236 NOW OPEN FINDERS Thrift & Antiques Tue-Sat: 10am-5pm In the Frontier Village Shopping Center 645 Antelope Blvd. 530 527-7798 points Wednesday after investors balked at buying German government debt. Retailers traded mixed on the Friday after Thanks- giving, the traditional start of the holiday shopping sea- son and usually the busiest day of the year for retailers. Amazon.com Inc. dropped 3.5 percent. Wal-Mart Stores Inc. inched up 0.4 percent. A record number of peo- ple were expected to show up at stores this weekend to take advantage of deep dis- counts. The National Retail Federation estimates that 152 million people will go shopping over the three days starting on Friday. That would be an increase of 10 percent from last year. Alan Wylie Local Inspector KEEPERS Mobile: 530/638-1015 FREE & TERMITE INSPECTION or UP TO 15% OFF TERMITE TREATMENT SERVICE* PEST EVALUATION FREE & SAVE 10% OFF PEST CONTROL SERVICE* Published through an event co- sponsorship agreement with D NEWSAILY RED BLUFF TEHAMACOUNTY Attention Tehama County Small Business Owners (5 or fewer employees, including self) Increase your company's business output, identify new customers and markets, sell more of your company's products and services, and manage existing resources more effectively. Receive professional assistance from the Business Incubator Program (BiP), but time is running out! Services are free to qualifying businesses. Companies that meet the program's eligibility criteria receive hands- on mentoring assistance targeted specifically to benefit your company. To apply, visit www.tehamabip.org today. There is no cost to apply and someone will get back to you shortly. This program is sponsored by the County of Tehama, Job Training Center, 3Core EDC, The ChicoProject, and the State CDBG program. At the Shasta Outlets 1901 Highway 273, 378-1110 Maryspizzashack.com 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 Counseling Center 275 Solano Street #2

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