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8A Daily News– Wednesday, June 27, 2012 Homebuilders led stocks up on Tuesday, helping major indexes recoup some losses from the day before. Rupert Murdoch's News Corp. surged after the media conglomerate said it may split into two companies. The Dow Jones indus- NEW YORK (AP) — trial average rose 32.01 points to close at 12,534.67. Homebuilders lead stocks up on Wall Street Wall Street cents to $9.72 and Lennar rose 81 cents to $27.39. ''There's some good PulteGroup, Lennar and other housing stocks climbed following news that a measure of national home prices rose 1.3 per- cent in April, the first increase in seven months. The Standard & Poor's/Case-Shiller home price index showed a rise in 19 out of the 20 major cities tracked; Detroit was the only city where prices fell. PulteGroup rose 49 news out there, especially if you look at the housing market,'' said John De Clue, regional investment director of U.S. Bank's wealth management unit in Minneapolis. ''But there's this overriding theme: con- cerns over global growth. Things are pretty much slowing everywhere you look.'' News Corp. jumped 8 percent. The company confirmed that it's contem- plating a breakup into two publicly traded companies. The split would divide its publishing from its enter- tainment businesses. The media empire includes The Wall Street Journal, Fox News Channel, and news- papers in Britain and Aus- tralia. News Corp.'s stock leapt $1.68 to $21.76. In other trading, the broader Standard & Poor's 500 index gained 6.27 points to 1,319.99. The Nasdaq composite rose 17.90 points to 2,854.06. Investors sold coal com- pany stocks after S&P low- ered the credit rating for James River Coal deeper into junk status, citing weaker demand for coal. Utilities have favored nat- ural gas instead of coal to generate electricity and are also preparing for new emission standards. James River plunged 15 percent, or 43 cents, to $2.49. Alpha Natural Resources sank 20 cents, to $7.73. Peabody Energy dropped 34 cents to $21.12. More worrisome devel- opments in Europe kept U.S. markets in check. Spain's borrowing costs Red Bluff jumped in a pair of short- term debt auctions, the lat- est sign that investors are hesitant to lend the country money. The interest rate on the country's 3-month bills was 2.36 percent Tuesday, nearly triple the rate in the last such auction in May. Spain's main stock index sank 1.5 percent, the second day straight of deep RED BLUFF losses, and the yield on its benchmark 10-year gov- ernment bond rose to 6.81 percent, which makes it more expensive for the country to borrow. The slump in Spanish financial markets came a day after the credit rating agency Moody's lowered ratings on 28 Spanish banks. Stock markets fell sharply in the U.S. and Europe on Monday as Europe's latest efforts to calm its financial crisis sapped investors' confi- dence. Spain's formal request for help for its banking systems left many questions unanswered, including how much money it needs. Markets have also been battered by signs of wither- ing economic growth around the world. Manu- facturing has slowed in China, and hiring has weakened in the U.S. The Dow has taken its two largest daily losses of the year this month: a 250- point plunge June 21 and a 274-point one June 1. Even with those losses, the Dow remains up 1.1 percent for June. The S&P 500 is up 0.7 percent. Would like to thank the following sponsors for their generous donations to the Lori Partsch Memorial Golf Tournament Advanced Hearing Aids Kremer Chiropractic Jon Pascarella, DDS John Murray, Atty. State Farm Insurance - Sean Rix La Corona Mexican Restaurant The Big Picture M & M Ranch House Tai's Deli Oregon Shakespeare Festival River Tasalmi Gold Course Canyon Oaks Golf Course Rolling Hills Casino Wilcox Oaks Golf Club Turtle Bay Exploration Park Tehama Family Fitness Center Cutting Loose Salon Red Bluff Cancer Center - Dr Thomas Russell & Co. - Brian Russell Jones & Sons Red Bluff Glass San Francisco Giants Riverview Golf & Country Club Butte Creek Golf Course Applebee's Mt Shasta Resort In-N-Out Burger Bailey Creek golf Course Tierra Oaks Golf Club Staples - Steve Novo Your contributions will go to enrich the lives of the children at For His Children Orphanage -Ecuador. Thank you so much for your support! Tehama County CONTRACTORS GUIDE DAILYNEWS 2012 TEHAMACOUNTY Magazine-size print and online Distribution through Spring, 2013 Licensed contractors only. If you're a licensed contractor In Tehama County, your business name, Lic #, phone and specialty will be listed at no charge advertising is available In this directory! To add information and stand out from the crowd, low cost DEADLINE: TUE, JULY 10 Call your Daily News Advertising Representative For further information! (530) 527-2151