Issue link: https://www.epageflip.net/i/78907
8B Daily News – Thursday, August 16, 2012 Furniture DEPOT 235 S Main St., Red Bluff 530 527-1657 www.thefurnituredepot.net HOURS: MONDAY-FRIDAY 9:00-6:00 SATURDAY 9:00-5:00 • SUNDAY 11:00-5:00 NEW YORK (AP) — Signs that the U.S. econom- ic recovery is advancing, albeit slowly, sent stocks bouncing up and down in narrow ranges for much of the day Wednesday. The Dow Jones industri- al average closed with a loss of 7.36 points at 13,164.78. The broader Standard & Poor's 500 index was up 1.60 points at 1,405.53 and the Nasdaq composite rose 13.95 points to 3,030.93. Stocks mostly higher on signs of economic growth Wall Street growth and hiring stays weak. U.S. industrial produc- tion increased last month as factories made more cars, computers and airplanes, according to the Federal Reserve. It was a sign that manu- facturing is recovering after a weak spring. Also, con- sumer prices were unchanged in July from June, as a small drop in energy costs offset slightly higher food prices. The consumer price index has- n't changed since March, which means that inflation is in check. Lower inflation gives the Federal Reserve more lee- way to launch new pro- grams intended to rekindle the economy. The Fed sig- naled at a meeting in late July that it is ready to act if Recent reports have sug- gested that the economy improved somewhat in July. Employers created the most jobs in five months, while consumers spent a lit- tle more at stores after three months of declines. Many investors wonder if the economy is fragile enough to create the sense of urgency for policy mak- ers to act proactively. The slightly better outlook for the economy could prompt the Fed to hold off on tak- ing action when its policy committee next meets in September. ''We're in a period of RED TAG ITEMS 1/2 off reported earnings that beat analysts' expectations and raised its profit forecast for the year. Target is preparing its first expan- sion out of the U.S., into Canada. Deere plummeted $5.03 to $75.10 after the agricul- ture machinery maker reported results that were well below Wall Street's expectations. The company attributed its poor results to a slowing global economy and the effects of a pro- longed U.S. drought. Deere also cut its revenue forecast for the year. very slow growth, though interest rates are low, and very little inflation,'' said David Kotok, chief invest- ment officer at Cumberland Advisors. ''Unless the U.S. economy goes into a swoon and there is no pick up in retail sales and deteriora- tion in jobs growth or major shocks from Europe and China, the Fed will not take any action for now.'' The bond market is bet- ting that the Fed is not like- ly to act. Investors have All Concrete & Wrought Iron Statuary-Fountains-Benches-Birdbaths Trellises-Gazebos & Yard Decor HOT AUGUST SALE 20% Off ANNUAL C & C PROPERTIES "If it's made out of concrete or wrought iron, it's on sale!" 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On Wednes- day, the number of shares changing hands on the New York Stock Exchange totaled just 2.6 billion, compared to an average of 4 billion on an average day. 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. $9,499 2 BD 2 BA 1000 SQ.FT. $29,900 2 BD 2 BA 1344 SQ.FT. $44,500 3 BD 2 BA 1157 SQ.FT. $48,000 2 BD 2 BA 1440 SQ.FT. $65,000 2 BD 2 BA 1104 SQ.FT. 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On Wednesday, the Dow traded within a range of just 54 points. mixed. Target rose $1.12 to $64.50 after the retailer U.S. earnings were Staples dropped $1.96 to $11.49 after the office and school supplies store said its income dropped 32 per- cent following weak sales in North America and Europe. The results fell short of analysts' expecta- tions and the company cut its full-year earnings fore- cast. Abercrombie & Fitch struggled to sell its preppy jeans and T-shirts in the previous quarter, but its results weren't as bad as analysts had forecast. The teen fashion leader also laid out plans for updating its fashions. The stock soared 9 percent, or $2.90, to $35.23. Judge fines NY man suing Facebook over letter BUFFALO, N.Y. (AP) — A federal judge has again ordered a New York man who's suing for part ownership of Facebook to turn over a letter from a previous lawyer to the social media company's attorneys. The judge in Buffalo also fined Paul Ceglia (SEHG'- lee-uh) and his current lawyer, Dean Boland, $1,000 each for not producing the letter when told to twice before. Facebook's lawyers believe the so-called Kasowitz let- ter supports the company's claim the contract on which Ceglia's 2010 lawsuit is based is fake. The letter is from the law firm Kasowitz, Benson, Torres & Friedman to another law firm that once represented Ceglia. Ceglia claims a 2003 document signed by Facebook founder Mark Zuckerberg entitles him to half-ownership of the Menlo Park, Calif.-based company. COMPLETE AUTO REPAIR recommened 30K, 60K, 90K SERVICES AT LOWER PRICES All makes and models. We perform dealer Smog Check starting at$ Pass or FREE retest 527-9841 • 195 S. Main St. (most cars and pick-ups) 2595 + cert.