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8B Daily News– Wednesday, August 8, 2012 It was a day of milestones for the stock market. Stronger corporate earnings reports and expectations that central banks will act to support the economy powered the Standard & Poor's 500 index past 1,400 for the first time in three months. The index rose 7.12 points to close at 1,401.35 on Tuesday. Energy stocks increased the most of the 10 industry groups tracked by the index. The Nasdaq composite NEW YORK (AP) — index marked a milestone of its own: the first close above 3,000 since early May. The Nasdaq rose 25.95 points to 3,015.86. The S&P hasn't closed S&P closes above 1,400 for first time in 3 months Wall Street May 3. ''There's been a bunch of positive earnings num- bers,'' said Stephen Carl, head of equity trading at The Williams Capital Group. ''While that makes some investors happy, above 1,400 since May 2, and the Nasdaq hasn't closed above 3,000 since trial average rose 51.09 points to 13,168.60. The Dow is now 996 points below its all-time high of 14,164.53 reached on Oct. 9, 2007, prior to the finan- cial crisis. The Dow would have to rise 7.6 percent to break that record. Energy companies rose broadly after Chesapeake some more robust growth.'' The Dow Jones indus- I'd like to see Energy reported that its income doubled in the second quarter. Revenue from oil, natural gas and natural gas liquids rose. Chesapeake's stock soared $1.67 to $19.37, lifting other energy stocks with it — Cabot Oil & Gas jumped $2.09 to $42.88 and Occidental Petroleum rose $2.48 to $90.74. Chesapeake was the latest major U.S. compa- ny to turn in a stronger earnings report. Of the 430 companies in the S&P 500 that have report- ed earnings through Tues- day, 65 percent beat Wall Street's expectations, according to S&P Capital IQ. More than 43 percent have reported double- digit growth. On Tuesday, acces- sories maker Fossil reported that its second- quarter net income climbed 12 percent thanks to growing demand in Asia and strong watch sales. The performance topped analysts' esti- mates, and the stock popped $21.98, or 31.5 percent, to $91.77, the biggest gain in the S&P 500 index. MGM Resorts Interna- tional reported a 29 per- cent surge in revenue even though the casino compa- ny had a quarterly loss. The stock rose 70 cents, or 7.5 percent, to $10.08. Also Tuesday, the Labor Department said U.S. employers posted the most job openings in four years in June, a positive sign that hiring may pick up. Layoffs also fell. The data follow Friday's report that said U.S. employers in July added the most jobs in five months, far more than economists were expect- ing. Recent comments by Federal Reserve chairman Ben Bernanke that the slow economic recovery has hurt many Americans has kept hope alive that the Fed will take more steps to kick-start the economy at its next meet- ing in September. Investors cut their holdings of safer assets like U.S. Treasurys, send- ing yields higher, as investors sold them. The yield on the benchmark 10-year Treasury note rose to 1.63 percent from 1.56 late Monday. In Europe, most mar- kets rose, despite news that Italy's recession deepened in the April through June period. Italy's economy shrank for the fourth quarter in a row. Benchmark stock indexes rose 2.2 percent in both Italy and Spain, and 1.5 percent in France. Italy's government, which is trying to reduce debt, has made spending cuts and tax increases that are hurting businesses and households. Investors hope that the European Central Bank will help support financial weaker countries like Italy and Spain by buying their government bonds, which will hold down the inter- est rates these countries must pay to borrow money. Project aims to reduce fire danger in eastern county The Tehama County Resource Conservation District has begun work on a new fuel break pro- ject in eastern Tehama County. Funded through a grant from the California Fire Safe Council, this project will improve access and exit routes for local landowners and fire fighting personnel in the event of a fire. It will also improve the road as a sig- nificant fuel break between timberlands and the developed forest- lands, chaparral and grasslands surrounding the Manton and Forward Mill communities. The project will devel- op a roadside shaded fuel break along a 10 mile section of Forward road and will expand an already established fuel break infrastructure. Dis- trict staff, along with work crews from the Cal Fire Ishi Conservation Camp, will cut brush and small trees to create 100 foot wide clearings along both sides of the road . Larger trees in the pro- ject area will be limbed up to 8 feet above ground height. The cut material C & C PROPERTIES 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. 3 BD 2 BA 1152 SQ.FT 2.99 AC $135,000 Prop Code 4079 2 BD 1 BA 884 SQ.FT 0.37 AC $138,500 Prop Code 4939 3 BD 1 BA 1224 SQ.FT 0.276 AC $149,000 Prop Code 4959 3 BD 2 BA 1080 SQ.FT 0.141 AC $149,500 Prop Code 4729 3 BD 2 BA 1596 SQ.FT 0.72 AC $164,500 Prop Code 4899 4 BD 2 BA 1572 SQ.FT 0.276 AC $175,000 Prop Code 4969 3 BD 2 BA 1995 SQ.FT 0.263 AC $179,500 Prop Code 4119 5 BD 2 BA 2492 SQ.FT 0.144 AC $189,000 Prop Code 4529 3 BD 2 BA 1468 SQ.FT 0.55 AC $198,000 Prop Code 4979 3 BD 2 BA 1224 SQ.FT 0.262 AC $199,000 Prop Code 4229 0.21 AC $110,000 TEHAMA COUNTY REAL ESTATE TEAM • OPEN 7 DAYS A WEEK www.redbluffcoldwellbanker.com See All Tehama County Listings at 3 BD 2 BA 1643 SQ.FT 0.129 AC $105,400 Prop Code 4199 3 BD 1 BA 884 SQ.FT 3 BD 2 BA 1512 SQ.FT 2.77 AC $94,000 3 BD 1 BA 1216 SQ.FT 1.16 AC $99,900 Prop Code 4059 4 BD 3 BA 1888 SQ.FT 0.306 AC $75,000 2 BD 2 BA 1456 SQ.FT 4.5 AC 2 BD 2 BA 1000 SQ.FT 2 BD 2 BA 1344 SQ.FT 3 BD 2 BA 1157 SQ.FT 2 BD 2 BA 1440 SQ.FT 2 BD 2 BA 1104 SQ.FT $85,000 FORECLOSURES AND HOMES UNDER $200,000 $9,499 $29,900 $45,500 $48,000 $65,000 Prop Code 4249 Prop Code 4209 Prop Code 4729 Prop Code 4829 Prop Code 4319 Prop Code 4049 Prop Code 4099 Prop Code 4289 Prop Code 4849 Courtesy photo Tehama County Resource Conservation District's newest project helps fight wildfire risk in eastern Tehama County. Sunday, August 12th • 2:00-6:00 pm Red Bluff Community Center Free Haircuts for School Aged Kids Live Music Kids games Free Food provided by: Cornerstone Community Bank Kids receive free professional photographs provided by: "We Shoot Ya Photography" Informational booths Visit us on Facility donated by Red Bluff Community Center Auxiliary For more information call: 529-4074 or visit www.backtoschoolproject.com FREE CUTS FOR KIDS NEW LOCATION will be chipped and spread back into the pro- ject site using the dis- trict's chipper and opera- tor. Many of the commu- nities within rural Tehama County are at significant risk of cata- strophic wildfires. This risk is often a result of the overabundance of woody vegetation — small trees and shrubs), dry grass and other vege- tation, combined with numerous ignition sources including well traveled county roads and the many residents within Tehama County's devel- oped wildland communi- ties. ward Road fuel break are vital in helping to reduce the risk of extremely damaging wildfires. The Tehama County Resource Conservation District is a non-profit special district created to assist people to manage, conserve and improve the natural resources of Tehama County. For more information on the district, visit www.tehamacountyrcd.o rg. Projects like the For-