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10B Daily News – Saturday, July 7, 2012 Furniture Depot 235 So. Main St., Red Bluff 527-1657 SAT. 9:00-5:00 • SUN. 11:00-5:00 MON.-FRI. 9:00-6:00 Investors abandoned stocks Friday after the U.S. government reported that only 80,000 jobs were created in June, the third straight month of weak hiring. The Dow Jones indus- NEW YORK (AP) — US stocks plunge after weak June jobs report Wall Street trial average fell 124.20 points to close at 12,772.47. The loss wiped out the Dow's gain for the week. employers to add jobs shows that the economy is still struggling three years after the recession offi- cially ended. An average The reluctance of U.S. of just 75,000 jobs were created every month in the April-June quarter, far below the 226,000 created every month in the first three months of the year. ''It shows the U.S. economy is losing momentum,'' said Sharon Stark, chief market strate- gist at the brokerage firm Sterne Agee. ''It's a sign of everyone waiting to see what's next.'' Dow average, only five rose, including McDon- Of the 30 stocks in the ald's and AT&T. The world's largest producer of aluminum, Alcoa, and Caterpillar, the construc- tion equipment maker, were among the hardest- hit Dow stocks with declines of about 3 per- cent each. Materials and industrial companies are the most likely to suffer if the economy weakens. The anemic jobs report led investors to shift money into low-risk assets. The price of the 10-year Treasury note rose, sending its yield down to 1.55 percent from 1.60 percent late Tehama Country Real Estate WESTERN REAL ESTATE Commercial Properties For Sale: MINCH PROPERTY MANAGEMENT 760 Main St. • 530-527-5514 • 455 S. Main St. SALE PENDING . . . . . . . . . . . 2.67 Acres • 840 Main St. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,400 sq/ft • 1870 Montgomery (Indust rial) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Acres • 13545 Saint Marys Ave. (Or lease) . . . . . . . . . . 40,000 sq/ft Commercial Properties For Lease: • 731-741 Main St. (Upstairs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . various size suites • 955 Main St. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,995 sq/ft • Medical Suite available in St. E campus area . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000 sq/ft • 1156 Monroe St. (Roll- up Doors) (Or Sale) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,580 sq/ft • 562 Antelope Blvd. (residence & office) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,200 sq/ft • 726 Pine Street (warehouse with office) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,250 sq/ft HOUSES & LAND $1K to $5K DOWN OWC 7 ACRES IN TOWN $68,000 OWC 2005 DOUBLEWIDE MFH, 1400 SF $59,000 SAT., JULY 7TH Or by appointment 2012 • 11:30am - 1:30pm Rio Vista Mobile Estates #92 ON THE RIVER, 2/2 Doublewide 1300 sq ft $47,000 $39,500-obo. Financing available. Call 527-7297 Wilcox area, 1452 sq. ft. 3 bed 2 bath on 1.08 acres. $186,000 1945 sq.ft. 3 bed, 2 bath home with in ground pool and studio attached with bath....$114,900 20 acres of Olives with barn, shop and home .....................................$375,000 Office building 800 sq. ft. 3 private offices and private parking area...........$72,500 160 acres with water and cabin.............................................................$155,000 160 acres with cabin..............................................................................$220,000 1867 Sq. ft. 3 bed 2 bath on 1.5 acres in the Bend 1411 sq. ft. 3 bed 2 bath..........................................................................$89,900 1078 sq. ft. 3 bed 1 bath..........................................................................$54,900 4/2, 2300 SF, custom built on 13 Call (530) 921-4849 2 car garage, 20 minutes from Red Bluff. $157,000 ⁄4 acre. Robert Thayer, Owner / Realtor 1704 Solano St. Corning Ca, 96021 Cell (530) 515-3367 Email rthayer@remax.net License # 01486553 RE/MAX American Dream Thursday. The dollar rose against the euro. The sluggish growth in American jobs comes at a time when the global economy is also losing pace. Central banks in Europe and China took action Thursday to prop up their sliding economies. The new signs of eco- nomic sluggishness around the world sent commodities prices lower. Crude oil dropped $2.77, or 3 percent, to $84.45 a barrel. The U.S. is the world's biggest oil con- sumer, and the prospect of THIS WEEK OPEN HOUSE lower demand pushed down prices. Energy stocks fol- lowed the price of oil lower. Peabody Energy fell $1.27, or close to 5 percent, to $24.86, while Alpha Natural Resources declined 60 cents, or 6.5 percent, to $8.67. Wall Street, the Standard & Poor's 500 slid 12.90 points, or 0.9 percent, to 1,354.68 and the Nasdaq composite fell 38.79 points, or 1.3 percent, to 2,937.33. In other trading on stocks fell is that though the jobs report was weak, the country isn't heading into a recession. That suggests the Federal Reserve is less likely to take more action to stim- ulate the economy, according to Brian Jacob- sen, chief portfolio strategist at Wells Fargo Advantage Funds. A new round of bond- One of the reasons buying by the Fed is ''quite unlikely,'' Jacob- sen said. The Federal Reserve has made two rounds of bond purchases since the financial crisis to keep interest rates low and encourage banks to lend money. European markets also lost ground on Friday. A week after investors wel- comed an agreement among European leaders to help Spain and Italy, the borrowing rates of both countries rose again. That means bond investors are less willing to loan those countries money at favorable rates. The yield on the 10- year Spanish government bond rose 0.22 percent- age point to 6.96 percent earlier in the day. That's a very high level and could eventually force Spain to seek more finan- cial support from its neighbors in Europe. European stock index- es slid. Germany's DAX and France's CAC-40 each lost 1.9 percent. Spain's benchmark index slumped 3 percent. Other Wall Street stocks making big moves included: — Navistar Interna- tional. The truck maker's stock fell $4.37, or over 15 percent, to $24.42 on investor worries that the heavy engine and truck maker will have to incur additional costs to get a crucial new engine approved by federal regu- lators. — Sequenom Inc. The stock fell 8 cents, or 2 percent, to $3.99 after a California court refused to block a competitor from selling a similar product to Sequenom's Down syndrome test for pregnant women. The business software maker fell $12, or 28 per- cent, to $31.36 after warning that its second- quarter results didn't live up to the projections of its management or ana- lysts. — Informatica Corp. Oh Snap! 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