Issue link: https://www.epageflip.net/i/7766
NEW YORK (MCT) — U.S. stocks edged higher for a sec- ond straight session Wednesday thanks to a rally in the financial sector led by American Interna- tional Group and Citigroup, which conducted a successful offering of $2 billion in securi- ties. The deal heightened confi- dence that Wall Street is quick- ly putting the worst effects of the financial crisis behind it. In particular, investors have flocked over the past two ses- sions to some of the companies that still have heavy federal backing in hopes that the gov- ernment will be able to unload its stake sooner than previously expected. "We'll have to see what hap- pens over the next three to six months, but it's definitely some- thing people are looking for- ward to at this point," said port- folio manager Uri Landesman, of ING Investment Manage- ment in New York. "Anyone who took government money wants to be rid of them." The Dow Jones Industrial Average rose 2.95 points to 10,567.33. The S&P 500 rose 0.5 percent to 1,145.61, led by a 1.1 percent gain in its financial category. AIG leapt 10.6 per- cent, and Citigroup was up 3.7 percent after a well-bid offering of trust-preferred securities. Trust-preferred securities possess characteristics of both equity and debt instruments and are often sold by bank holding companies, falling in a capital basket, rather than being termed debt on a bank's balance sheet. Other advantages include early redemption by the issuer or a deferral of interest payments. "The notable thing about this specific deal is that the pre- ferred market has been some- what closed as there's been a clear lack of liquidity," said William Larkin, fixed-income portfolio manager at Cabot Money Management in Salem, Mass. Among the financial sector's other winners on Wednesday were Fannie Mae and Freddie Mac, which rose more than 2 percent each. Several regional bank stocks also rallied Wednesday, including Zions Bancorp, Regions Financial Corp. and SunTrust Banks Inc., after a Wall Street Journal report said Barclays Capital was hunting for a retail bank. Technology stocks also were a market leader Wednesday, helped by a 2.9 percent gain in bellwether Google Inc. after the search giant said it will soon conclude negotiations with the Chinese government regarding censorship and monitoring of its Chinese sites. Wednesday also marked the 10-year anniversary of the peak of the dotcom bubble — an episode from which the Nasdaq still hasn't recovered. The index is down 55 percent from its March 2000 high. Volume outside the financial sector was light as some traders paused ahead of next week's full calendar, including key reports on housing and infla- tion, as well as the Federal Reserve's interest-rate meeting and decision. Composite trad- ing in New York Stock Exchange-listed names recently hit 5.6 billion shares, with much of the activity concentrated in just a few big-name financials. Among stocks to watch, Facet Biotech jumped 67 per- cent as Abbott Laboratories agreed to acquire the biotech- nology company for $722 mil- lion. Facet shareholders will get $27 a share, two-thirds above the company's closing price Tuesday. Abbott rose 0.4 per- cent. American Eagle Outfitters rose 6.1 percent after the appar- el retailer said it would shutter its 28-store Martin + Osa chain to focus on its namesake brands. In other markets, the dollar was weaker against the euro but strengthened against the yen. 4B – Daily News – Thursday, March 11, 2010 LEGAL NOTICE Notice Re: Seizure of Property and Initiation of Forfeiture Proceedings, Health and Safety Code Sections 11470 et. seq. and 11488.4. To: All persons claiming any right, ti- tle, or legal interest in the following seized property (appraised values ap- pear in parentheses): One Thousand Five Hundred and Ninety-Five dollars ($1.595.00)) valued in terms of United States Currency, seized from or about the person or property of Donald Roger. Notice is hereby given that the above described property was seized on Janu- ary 23, 2010, at the CHP Red Bluff Area Office, 2550 Main street, Red Bluff, CA by TIDE for alleged violations of California Health and Safety Code section(s) 11360(a). On January 28, 2010, non-judicial for- feiture proceedings were commenced by the Tehama County District Attorney in Action #AS10-435. Please use this case number on all documents and cor- respondence. You have thirty (30) days from the date of the first publication of this notice to file a verified claim, unless you have received actual notice. The claim must state the nature and extent of any inter- est you hold in the property, must be verified, and must be filed with the Su- perior Court Clerk, 633 Washington St., Red Bluff, CA 96080, or the property will be forfeited to the State. An en- dorsed copy of the claim must be served on the District Attorney, 444 Oak St., #L, Red Bluff, CA 96080 within thirty (30) days of the filing of your claim. Claim forms can be obtained from the Asset Forfeiture Clerk, District Attorney's Office. Dated: March 4, 2010 Gregg Cohen, District Attorney By: MATTHEW D. ROGERS, Deputy District Attorney Publish: March 11, 18 & 25, 2010 LEGAL NOTICE Notice Re: Seizure of Property and Initiation of Forfeiture Proceedings, Health and Safety Code Sections 11470 et. seq. and 11488.4. To: All persons claiming any right, ti- tle, or legal interest in the following seized property (appraised values ap- pear in parentheses): Eighteen Thou- sand Five Hundred dollars ($18.500.00)) valued in terms of United States Currency, seized from or about the person or property of Jose Antonio Sanchez. Notice is hereby given that the above described property was seized on Feb- ruary 11, 2010, at t-5 Southbound near Tehama/Glenn Line by TIDE for alleged violations of California Health and Safe- ty Code section(s) 11366.8. On February 11, 2010, non-judicial forfeiture proceedings were com- menced by the Tehama County District Attorney in Action #AS10-436. Please use this case number on all documents and correspondence. You have thirty (30) days from the date of the first publication of this notice to file a verified claim, unless you have received actual notice. The claim must state the nature and extent of any inter- est you hold in the property, must be verified, and must be filed with the Su- perior Court Clerk, 633 Washington St., Red Bluff, CA 96080, or the property will be forfeited to the State. An en- dorsed copy of the claim must be served on the District Attorney, 444 Oak St., #L, Red Bluff, CA 96080 within thirty (30) days of the filing of your claim. Claim forms can be obtained from the Asset Forfeiture Clerk, District Attorney's Office. Dated: March 4, 2010 Gregg Cohen, District Attorney By: MATTHEW D. ROGERS, Deputy District Attorney Publish: March 11, 18 & 25, 2010 LEGAL NOTICE Notice Re: Seizure of Property and Initiation of Forfeiture Proceedings, Health and Safety Code Sections 11470 et. seq. and 11488.4. To: All persons claiming any right, ti- tle, or legal interest in the following seized property (appraised values ap- pear in parentheses): FIVE THOU- SAND DOLLARS ($5,000.00) valued in terms of United States Currency, seized from or about the person or property of JEFFERY REYNOLDS. Notice is hereby given that the above described property was seized on OC- TOBER 3, 2009 at HWY 36 NEAR VIS- TAL ROAD, TED BLUFF, CA at 663 Edith Avenue, Corning, CA by TIDE for alleged violations of California Health and Safety Code section(s) 11359. On October 3, 2009, non-judicial for- feiture proceedings were commenced by the Tehama County District Attorney in Action #AS10-430. Please use this case number on all documents and cor- respondence. You have thirty (30) days from the date of the first publication of this notice to file a verified claim, unless you have received actual notice. The claim must state the nature and extent of any inter- est you hold in the property, must be verified, and must be filed with the Su- perior Court Clerk, 633 Washington St., Red Bluff, CA 96080, or the property will be forfeited to the State. An en- dorsed copy of the claim must be served on the District Attorney, 444 Oak St., #L, Red Bluff, CA 96080 within thirty (30) days of the filing of your claim. Claim forms can be obtained from the Asset Forfeiture Clerk, District Attorney's Office. Dated: March 4, 2010 Gregg Cohen, District Attorney By: MATTHEW D. ROGERS, Deputy District Attorney Publish: March 11, 18 & 25, 2010 LEGAL NOTICE Notice Re: Seizure of Property and Initiation of Forfeiture Proceedings, Health and Safety Code Sections 11470 et. seq. and 11488.4. To: All persons claiming any right, ti- tle, or legal interest in the following seized property (appraised values ap- pear in parentheses): Seven Hundred Ninet-six dollars ($796.00) valued in terms of United States Currency, seized from or about the person or property of Patricia Stevens. Notice is hereby given that the above described property was seized on No- vember 7, 2009 at 663 Edith Avenue, Corning, CA by TIDE for alleged viola- tions of California Health and Safety Code section(s) 11378. On November 7, 2009, non-judicial forfeiture proceedings were com- menced by the Tehama County District Attorney in Action #AS09-431. Please use this case number on all documents and correspondence. You have thirty (30) days from the date of the first publication of this notice to file a verified claim, unless you have received actual notice. The claim must state the nature and extent of any inter- est you hold in the property, must be verified, and must be filed with the Su- perior Court Clerk, 633 Washington St., Red Bluff, CA 96080, or the property will be forfeited to the State. An en- dorsed copy of the claim must be served on the District Attorney, 444 Oak St., #L, Red Bluff, CA 96080 within thirty (30) days of the filing of your claim. Claim forms can be obtained from the Asset Forfeiture Clerk, District Attorney's Office. Dated: March 4, 2010 Gregg Cohen, District Attorney By: MATTHEW D. ROGERS, Deputy District Attorney Publish: March 11, 18 & 25, 2010 LEGAL NOTICE Notice Re: Seizure of Property and Initiation of Forfeiture Proceedings, Health and Safety Code Sections 11470 et. seq. and 11488.4. To: All persons claiming any right, ti- tle, or legal interest in the following seized property (appraised values ap- pear in parentheses): One Thousand Fifty-five dollars ($1,055.00)) valued in terms of United States Currency, seized from or about the person or property of Leonard Miller. Notice is hereby given that the above described property was seized on De- cember 14, 2009, at 3804 Woodson Avenue, Corning CA by TIDE for al- leged violations of California Health and Safety Code section(s) 11378. On December 14, 2009, non-judicial forfeiture proceedings were com- menced by the Tehama County District Attorney in Action #AS09-432. Please use this case number on all documents and correspondence. You have thirty (30) days from the date of the first publication of this notice to file a verified claim, unless you have received actual notice. The claim must state the nature and extent of any inter- est you hold in the property, must be verified, and must be filed with the Su- perior Court Clerk, 633 Washington St., Red Bluff, CA 96080, or the property will be forfeited to the State. An en- dorsed copy of the claim must be served on the District Attorney, 444 Oak St., #L, Red Bluff, CA 96080 within thirty (30) days of the filing of your claim. Claim forms can be obtained from the Asset Forfeiture Clerk, District Attorney's Office. Dated: March 3, 2010 Gregg Cohen, District Attorney By: MATTHEW D. ROGERS, Deputy District Attorney Publish: March 11, 18 & 25, 2010 LEGAL NOTICE FICTITIOUS BUSINESS NAME STATEMENT File No. 2010000054 The following person(s) is (are) doing business as: Dales Station 530-597-2100, 25860 Highway 36 East, Red Bluff, CA 96080 Thomas M. Eckmann 135 South Cragmont Avenue San Jose, CA 95127 The registrant commenced to transact business under the fictitious business name or names listed above on: N/A This business is conducted by: an indi- vidual S/By: Thomas M. Eckmann Thomas M. Eckmann This statement was filed with the Coun- ty Clerk of Tehama County on 2/19/2010 Beverly Ross Tehama County Clerk & Recorder Publish: Feb 25, Mar 4, 11 & 18, 2010 Markets inch upward as AIG, Citi jump Senate passes jobless aid and biz tax breaks WASHINGTON (AP) — The Senate voted Wednesday to extend key pieces of last year's economic stimulus measure, including help for the jobless and money to help financially strapped states pay for health care for the poor. The 62-36 vote came over protests from conservatives who say the bill adds too much to the $12.5 trillion national debt. Six Republicans joined all but one Democrat, Ben Nelson of Nebras- ka, in voting for the bill. The plight of the jobless and the political power of an annual package of tax breaks powered the measure through the Senate, even though it would add about $130 billion to the budget deficit over the next year and a half. ''The bill is not a second stimulus, but it's going to deliver badly needed relief to Americans who are hurting,'' said Sen. Chuck Schumer, D-N.Y. ''It would be cruel, even inhumane, to tell these people that their unemployment benefits expire.'' The measure is the second piece of the Democrats' much-tout- ed ''jobs agenda'' to pass the Senate this year, with more elements promised, such as help for small businesses suffering from a cred- it crunch. Concern over out-of-control budget deficits are a big challenge to the success of the agenda. In fact, the bill chiefly resurrects elements of the stimulus bill that expired at the end of last year, including more generous unemployment benefits, health care subsidies for the jobless, and Medicaid aid to cash-starved states. They have been temporarily extended twice but would again expire at the end of this month. ''This bill helps small businesses get the loans they need to grow and hire, provides tax relief that companies need to support new research and development jobs of the future, and extends relief to Americans looking for work,'' President Barack Obama said in a statement Wednesday evening. The vote sends the measure into talks with the House, which is wary about some Senate provisions included to defray the mea- sure's impact on the deficit since they may want to use such ''off- sets'' to help finance an overhaul of the health care system. Democrats had also hoped to finish work this week on a far smaller job-creation measure blending additional highway spend- ing with new tax breaks for companies that hire the unemployed. Now, it's looking like a final vote won't come until next week. Wednesday's larger bill would provide unemployment bene- fits of up to 99 weeks in many states for people mired in jobless- ness as the economy slowly recovers from the worst recession in decades. The measure illustrates the great extent to which direct help for the jobless and the poor makes up a large portion of Democrats' election-year agenda on jobs — and threatens to squeeze out other items amid concerns about a budget deficit. The sweeping bill cleans up a host of unfinished congression- al business from last year that languished as the Senate focused on health care. It would also prevent doctors from absorbing a 21 percent cut in Medicare payments and extends through December a generous 65 percent subsidy of health insurance premiums for the unemployed under the COBRA program, at a cost of $10 bil- lion. Wednesday's larger bill also provides the annual extension of $26 billion worth of tax breaks for businesses and individuals that are popular with senators in both parties and swung support from business lobbyists behind the legislation. The $59 billion cost of providing additional months of unem- ployment checks — the core benefit is 26 weeks — is added directly to a budget deficit expected to hit $1.6 trillion this year. Unemployment insurance typically provides recipients with about one-third of their lost wages. But Democrats said it would be heartless to cut off unemploy- ment benefits to the long-term jobless and contended that the ben- efits inject demand into the economy, helping to lift it. Federal cash to help states with Medicaid adds about $25 bil- lion more to the legislation, with the money helping states not only keep poor people on the program but in many cases free up resources to forestall layoffs of teachers, police and other public employees. The tax breaks include a property tax deduction for people who don't itemize, lucrative credits that help businesses finance research and development and a sales tax deduction that mainly helps people in the nine states without income taxes. To defray the impact on the deficit, the measure helps the Inter- nal Revenue Service crack down on abusive tax shelters and would block paper companies from claiming a tax credit from burning ''black liquor,'' a pulp-making byproduct, as if it were an alternative fuel. Other tax breaks include a deduction for college tuition for couples making less than $160,000 a year, and one for teachers who use their own money to buy school supplies. There is a tax credit for community development agencies that invest in low- income neighborhoods, as well as a tax break for restaurant own- ers and retailers who remodel their stores. 3-D boosts box office worldwide to record $30 bln LOS ANGELES (AP) — The appeal of 3-D movies helped boost movie ticket sales by nearly 8 percent to a record $29.9 billion worldwide in 2009, according to the Motion Picture Association of America. The jump, from $27.8 billion a year earlier, was driven by a rise in ticket prices and the first increase in attendance in the U.S. and Canada in two years, the MPAA said. On top of that, theaters worldwide benefited from the popularity of 3-D movies, as they brought in more movie-goers, who buy tickets that cost more than regular screenings.