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6B Daily News – Friday, August 17, 2012 S&P 500 creeps near four-year high; Cisco surges Wall Street NEW YORK (AP) — Encour- aging earnings from Cisco and hopeful signs in a housing report lifted the stock market Thursday. The gains nudged the Standard & Poor's 500 index near the four- year high it reached earlier this year. largest maker of computer net- working equipment, led the 30 stocks in the Dow Jones industri- al average, surging 10 percent. Cisco beat profit expectations late Wednesday and raised its quarter- ly dividend to 14 cents per share from 8 cents. Cisco gained $1.67 to $19.02. Cisco Systems, the world's Thursday, the Commerce Depart- ment reported that construction of single-family homes and apart- ments dipped 1.1 percent in July compared with June. But market analysts seized on another number: Building permits jumped to 812,000, the most since August 2008 and a hint of stronger construction in coming months. ''I think the housing numbers really got investors' attention,'' said Tim Speiss, chairman of the personal wealth advisers practice at EisnerAmper. ''Presumably, ground is going to get broken. Houses are going to get built,'' he said. ''It feeds other parts of the economy. A house Before the market opened The report helped push the S&P and Dow near their highest closing levels since 2007. The Standard & Poor's 500 isn't just sticks and bricks. It's everything else that goes into building a house.'' to 3,062.39. Facebook fell 6 percent on the index gained 9.98 points to close at 1,415.51, less than four points shy of its April 2 high. The Dow rose 85.33 points to 13,250.11, an increase of 0.6 percent and 29 points away from its May 1 peak of 13,279. Wal-Mart Stores trailed other In other trading, the Nasdaq composite index rose 31.46 points Dow stocks. The world's largest retail chain sank 3 percent after it posted quarterly net income and sales that fell short of what ana- lysts had predicted. Its stock lost $2.30 to $72.15. first day that its early investors and a handful of founders were free to sell their stock. In all, 271 million shares can be sold, according to Facebook's regulato- ry filings. The social networking company lost $1.33 to $19.87. The S&P 500 has rallied more than 5 percent in the last three weeks, with the bulk of the gains made on a few days in late July and early August. The first jolt was a pledge to protect the euro currency by the head of the Euro- pean Central Bank, the second a report that showed stronger-than- expected U.S. hiring last month. Steve Wood, chief market strategist for Russell Investments, said the stock market may simply tread water until the end of the month, when Federal Reserve Chairman Ben Bernanke gives a speech at Jackson Hole, Wyo. Investors expect Bernanke's speech will clarify whether the Fed plans to take additional steps to help the economy. Markets often languish in August. Fewer shares are traded in late summer as trading desks remain short-staffed until people return from vacation after the Labor Day holiday. Without any major economic news, trading volume usually dries up and stock indexes appear sluggish, as if stuck in their beach chairs. On Thursday, about 3.1 billion shares were traded on the New York Stock Exchange. Three months ago, daily trading volume on the NYSE averaged 3.8 bil- lion. The housing report also helped push the price of crude oil up $1.27 per barrel to $95.60 in New York. It has risen almost 3 percent in less than a week. big moves Thursday: — Agilent Technologies slid 8 percent, the worst drop in the S&P 500. Agilent said a slump in global demand for its high-tech measuring products helped tug net income down 26 percent. Its stock lost $3.33 to $37.15. — PetSmart Inc. climbed near- ly 5 percent after the pet products store posted better earnings than analysts' forecasts. PetSmart's quarterly net income rose 28 per- cent, and it raised its annual prof- it forecast for the second time this year. The company's stock added $3.09 to $70.53. Among other stocks making People affected by refinery fire sue Chevron RICHMOND (AP) — Nine people have sued Chevron Corp. over a Cali- fornia refinery fire that sent thousands to hospitals with respiratory issues and con- tributed to higher gasoline prices on the West Coast. The lawsuit filed Wednesday in Contra Costa County Superior Court claims Chevron was grossly negligent in its han- dling of refinery mainte- nance as well as emergency response to the blaze in Richmond. attorney John Burris and two colleagues on behalf of the nine people, including three children. The attor- neys expect more plaintiffs to join the case and said a The suit was filed by class-action suit is likely against Chevron. ''They had information the lawsuit. at the very outset that the pipes that were in that area were old, subject to leaks and failed to take any action accordingly,'' Burris has said. ''That was last year, 2011.'' San Ramon-based Chevron said it will review 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. (Ups tairs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 Financing terms available Near Shasta Lake! $350,000 2120 Main Street Suite A RED BLUFF PROPERTIES (530) 529-5900 Bank owned, no reasonable offer refused LOCATION, LOCATION, LOCATION Close to I-5, off ramp, near major established restaurants, hotels. Call Red Bluff Properties to preview. 530-529-5900. DRE License #01069956 Bldg. A, Suites 10 & 20, Red Bluff (530) 527-3100 Stromer Realty 590 Antelope Blvd refinery was engulfed by a towering vapor cloud before a volatile blaze ignited on Aug. 6. The lawsuit says some of the plaintiffs showed symptoms such as wheez- ing, dry heaving, seizure and difficulty breathing. The suit also asks the The area around the court to require Chevron to establish a more effective early warning system, cre- ate protocols to shut down equipment, and appoint a monitor to oversee the new protocols and equipment. The refinery produces 16 percent of the daily gasoline supply for Califor- nia. The fire knocked out a unit that makes a special- ized blend of cleaner burn- ing gasoline that satisfies air quality laws in Califor- nia, Oregon and Washing- ton. ery's reduced output has helped send gas prices ris- ing in the region, with the average price of a gallon of regular climbing above $4 in California. Since the fire, the refin- This Week Wilcox area, 1452 sq. ft. 3 bed 2 bath on 1.08 acres. $186,000 1913 sq. ft. 4 bed 2 bath with two kitchens..............................................................$79,900 1945 sq.ft. 3 bed, 2 bath home with in ground pool and studio attached with bath......................PENDING 20 acres of Olives with barn, shop and home ......................................................$375,000 Office building 800 sq. ft. 3 private offices and private parking area..............................$69,000 160 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.................................................PENDING 1411 sq. ft. 3 bed 2 bath...........................................................................................$74,900 1456 sq. ft. 3 bed 2 bath home on 9.8 acres..........................................................$129,900 1266 sq. ft. 3 bed 2 bath in Red Bluff .....................................................................PENDING Serving all of Tehama County, Northern Glenn County & Southern Shasta Robert Thayer, Owner / Realtor 1704 Solano St. Corning Ca, 96021 Cell (530) 515-3367 Email rthayer@remax.net License # 01486553 Spectacular Ranchette 78.5 acres in beautiful area one mile from Shasta Lake and Jones Valley Boat Ramp, this property has a good well with generator and power nearby. Great hunting and recreation! Owner will carry. Call Cindy Allen at 530-949-4931. HISTORICAL PROPERTY AND BUSINESS is for sale. The Mill Creek Resort offers a restaurant/store, furnished cabin rentals, RV space rental, campsites, catch/release fishing in Mill Creek, and on site living quarters. A wonder- ful venue for Weddings/reunions/parties. Beautiful trees, fresh air, and plenty of clean water are just a few of the fea- tures that make this place GREAT! Just a short drive from Mt. Lassen and Lake Almanor. Call for more details. 22896 Tehama Ave, Gerber $250,000 Owner will carry with substantial down. Beautiful view of Mount Lassen. 16.48 acres. The property is in the El Camino Irrigation District and is a perfect spot to raise kids and animals in a healthy country atmosphere! 314 Washington Street, Red Bluff, CA 96080 Lori Slade 530-200-2700 www.TehamaCountyRealEstate.com 223 Main Street, Red Bluff $220,000 Perfect Retail Location! A Pascoe, steel framed building built in 1980 with space for five or six vehicles in back. Large dual pane windows at street. Historically used as a florist shop since it was built in 1980 by owner. Two cold storage units go with building. Electric billboard out front which will remain. Lots of opportunity! http://redbluff.stromerrealty.com One of a kind acreage on the Sacramento River! A wonderful place to build your dream home with beautiful views of Mt. Shasta, Mt. Lassen and the river. Majority of lot high above the flood plane with approximately one acre of flat ground along the river. In an area of nice homes - quiet and peaceful. Power available. 0 Rivers Edge DR , Red Bluff $190,000 4 bedrooms 2 baths on 10 acres of irrigated pasture with a small barn in the Bend. Irrigated by the Bend Water District (CHEAP WATER). Property is also splittable into two 5 acres parcels. Rustic charm with solid wood floors, stainless appliances, granite counters, open floor plan, accented ceilings. This house has the old ranch charm with all the new amenities located on one of the nicest pieces of property in Tehama County. Call for details. Jared Chaffin (Lic#: 01460126) 530-518-8275 jaredchaffin@hotmail.com North State Realty (NSRE) 2515 Park Marina Drive#102 Redding California 96003 (530) 518-8275 (office) SELLER WANTS IT SOLD! Price Reduction NOW $279,000 RE/MAX American Dream