Red Bluff Daily News

December 17, 2011

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8B Daily News – Saturday, December 17, 2011 Furniture DEPOT 235 S Main St., Red Bluff 530 527-1657 www.thefurnituredepot.net HOURS: MONDAY-FRIDAY 9:00-6:00 SATURDAY 9:00-5:00 • SUNDAY 11:00-5:00 Gift Ideas Cedar Chests Hattrees Chair Side Table Halltrees Glider Rockers Curios Recliners Bookcases Lamps Latex Pillows Barstools Vanities Chevel Mirrors Furniture DEPOT 235 So. Main St., Red Bluff (530) 527-1657 MON.-FRI. 9:00-6:00 SAT. 11:00-5:00 9:00-5:00 SUN. Tempurpedic Pillows RECLINERS starting at $299 An early rally faded on the stock market Friday, leaving indexes down about 3 percent for the week as worries resurfaced about a breakup of the euro. Black- Berry maker Research in Motion plunged after slash- ing its forecast for holiday sales. The Dow Jones industri- al average closed down 2.42 points Friday, less than 0.1 percent, at 11,866.93. It had been up as many as 99 points after the Italian gov- ernment won a confidence vote on austerity measures. It turned mixed around mid- day as Fitch warned that it might downgrade the debt of Italy, Spain and four other countries that use the euro. Materials and industrial companies rose, signaling that traders expect the eco- nomic recovery to remain Quack. You don't go to an unlicensed doctor... why work out with an uncertified trainer? Mark's Fitness ACE Certified & Senior Certified Personal Trainer Personal trainers. Gym staff. Group fitness instructors. They're supposed to be pros. Yet many are not. Only ACE-certified trainers pass a rigorous test and partici- pate in continuing fitness education. Uncertified train- ers may lead you to painful injuries. Make sure your time in the gym is safe and effective. Don't work out with a quack! (530) 941-2832 Marks.fitness@yahoo.com Early rally fades; stock market down for the week Wall Street on track. Utilities, health care and consumer staples companies lagged the mar- ket as traders sold stocks that are considered to be safer when the economy is weak. The Dow Jones industri- al average broke a three-day slump Thursday on news that claims for unemploy- ment benefits plunged last week and measures of man- ufacturing in the Northeast improved dramatically. The Dow lost 360 points over the first three days of the week as investors ques- tioned whether Europe's agreement to closer coordi- nate fiscal policy would be enough to save the euro from a catastrophic breakup. Some analysts believe nervousness about Europe this fall and winter pushed stock prices lower than their fair value. Investment advis- er Uri Landesman, presi- dent of Platinum Partners, expects stocks to rise into next year because of the growing likelihood that eco- nomic news and European headlines will remain posi- tive. ''The odds are, the news is going to be better than the market is discounting,'' Landesman said. He said the market is near the low end of its recent trading range, and a dose of positive news could set off a mini- rally. Any market moves next week could be sharp as trading volume thins out before the Christmas holi- day, Landesman said. The Standard & Poor's 500 index rose 3.89, or 0.3 percent, to 1,219.65. The Nasdaq composite index rose 14.32, or 0.6 percent, to 2,555..33 The Dow is down 2.6 percent for the week; the S&P 2.8 percent. The Nas- daq lost 3.5 percent. The yield on the 10-year Magic of Christmas Cone & Kimball Plaza Santa's Workshop Dec. 3rd 10-2pm Dec. 17th & 10th Kids do present making at no cost to parents 10-2pm Arts & Crafts Festival Sponsored by Downtown Red Bluff Business Assoc. 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 1-800-SAL-Army SalArmyRedBluff.org Have a Magical Christmas! Rio Skin and Body Works Christmas Special $ One hour relaxing Massage and One hour Yonka Facial 99.00 Gift Certificates available. Treasury note plunged to 1.85 percent from 1.93 per- cent earlier Friday after the government said consumer prices were unchanged last month, suggesting that inflation remains low. Low inflation makes bonds more attractive because it doesn't diminish the buying power of the fixed return a bond provides over time. The gains were broad. Eight of the 10 industry groups in the S&P 500 index rose, led by materials and industrial companies. U.S. factories in some regions have seen ship- ments and orders rise this month, according to two surveys released Wednes- day. Materials companies are benefiting from soaring commodity prices. Research In Motion Ltd. plummeted 11 percent after the company said late Thursday that new phones seen as critical to its future will be delayed until late next year. RIM also is tak- ing a big loss on unsold tablet computers and pre- dicted that its BlackBerry sales will fall sharply during the holiday sales season. Online game developer Zynga Inc. fell 5 percent in its first day of trading on the Nasdaq. The maker of Farmville's initial public offering was priced late Thursday at $10 per share, raising $1 billion. That means the San Francisco company can boast the biggest Internet IPO since Google Inc. first offered shares in 2004. Among the other com- panies making big moves: — New York-area cable TV provider Cablevision Systems Corp. plunged 9 percent following the sud- den departure of its chief operating officer, Tom Rut- ledge. — Adobe Systems Inc. jumped 6.6 percent after the software maker report- ed earnings and revenues that were far better than what analysts had expect- ed. Analyst Walter Pritchard at Citigroup said the quarter was a ''blow- out when most expected weakness.'' 656 Washington Street Red Bluff 527-7762 Please don't forget to help your Red Bluff neighbors in need this Holiday season. Without you there will be no Christmas for them. Donate to The Salvation Army and make a difference to local families in need. Hundreds of children are helped each year by The Salvation Army in Red Bluff.

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