Issue link: https://www.epageflip.net/i/50949
8B Daily News – Thursday, December 22, 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 Better Sleep Through ScienceTM Technology stocks fell Wednesday, dragged down by a weak earn- ings report from the business software maker Oracle Corp. Broad market indexes were flat. The Dow Jones industrial average eked out a gain of 4 points after having been down 104 points at mid- day. Technology stocks in the Standard & Poor's 500 index fell 2 percent. Oracle plunged 12 per- cent after the business software company said it was struggling to close deals. The rare earnings miss by Oracle seemed to reinforce worries that businesses and the gov- ernment may cut back on technology spending. Especially worrying was a weak 2 percent gain in new software licenses, a key sign of demand from other businesses. Simmons Queen Mattress Sets starting at Firm or Plush $499 Stocks end mixed; Oracle miss drags down tech Wall Street Oracle had predicted gains of as much as 16 percent. Those worries hurt other big technology companies. IBM Corp. was by far the biggest loser in the Dow, falling 3.1 percent to $181.47. A bright spot was the BlackBerry maker Research In Motion Ltd., which jumped 10 percent to $13.78 on rumors that it might be a takeover target. Investors also had more to worry about from Europe. New data showed extensive lend- ing from the European Central Bank to Euro- pean banks. The initial reaction to the $639 bil- lion in lending by the ECB was positive, but then worry set in that Europe's banks needed so much help in the first place. ''Long-term, people were a little bit con- cerned that banks need- ed more money than we thought they did,'' said Joe Bell, a senior equity analyst with Schaeffer's Investment Research. C & C PROPERTIES The Dow edged up 4.16 points, less than 0.1 percent, to close at 12,107.74. On Tuesday the Dow jumped 337 — its biggest gain this month — on a strong bond sale in Spain and a surge in new home con- struction in the U.S. The Standard & Poor's 500 rose 2.42 points, or 0.2 percent, to 1,243.72. Outside of the 2 percent decline for technology companies, prices rose or were flat in the rest of the S&P 500's 10 sectors. The Nasdaq compos- ite fell 25.76 points, or 1 percent, to 2,577.97. Consumer staples rose with help from a 1.7 percent increase by Coca-Cola Co. and a gain of 1.2 percent at Kraft. Nike Inc. rose 2.9 percent after reporting strong demand and higher prices for its shoes and clothing. Volume was much lower than usual at 3.5 billion shares, which can make prices more volatile. 741 Main Street, Suite #2 Red Bluff, CA 96080 1-800-287-2187 (530) 527-2187 An Independently owned and operated Member of Coldwell Banker Residential Affiliates. FOR 24/7 PROPERTY INFO CALL 1-888-902-7253 AND ENTER THE PROPERTY CODE FROM THE AD. FORECLOSURES AND HOMES UNDER $200,000 2 BD 2 BA 1344 SQ.FT. $32,995 2 BD 2 BA 952 SQ.FT. 4 BD 2 BA $69,900 $72,000 2 BD 2 BA 1680 SQ.FT. $79,500 1 BD 1 BA 912 SQ.FT. 3 BD 2 BA 1370SQ.FT. $82,000 Prop Code 24469 Prop Code 4059 Prop Code 4079 Prop Code 4929 Prop Code 4129 $104,000 Prop Code 4209 3 BD 2 BA 1152 SQ.FT. $110,000 Prop Code 4169 2 BD 2 BA 1248 SQ. FT. $115,000 Prop Code 4949 3 BD 2 BA 1512 SQ.FT. $115,000 Prop Code 4289 3 BD 2 BA 1450 SQ.FT. $119,000 Prop Code 4109 4 BD 3 BA Many investors are on the sidelines because they're worried that a recession in Europe would hurt U.S. compa- nies, said Bernie Kavanagh, vice presi- dent for portfolio man- agement at Stifel Nico- laus. ''Any hint of positive data, we think you have the potential for a pretty nice rally,'' either before the end of this year or early in 2012, Kavanagh said. 3 BD 2 BA 1566 SQ.FT. $134,900 Prop Code 4729 3 BD 2 BA 1152 SQ.FT. 3 BD 2 BA 1152 SQ.FT. TEHAMA COUNTY REAL ESTATE TEAM • OPEN 7 DAYS A WEEK www.redbluffcoldwellbanker.com See All Tehama County Listings at $129,200 Prop Code 4069 $137,700 Prop Code 4099 $165,000 Prop Code 4479 3 BD 2 BA 2216 SQ.FT. $189,000 Prop Code 4229 Have a news tip? Call 527-2151, Ext. 112