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Main Street, Red Bluff, CA Call us for professional and confidential service for ALL of your home loan needs! www.loansbyplatinum.com Equal Housing Opportunity (530) 529-3699 EQUAL HOUSING OPPORTUNITY www.UCAREA.net 658 Rio St. Red Bluff 529-4111 DRE # 01174300 FOOTHILL VIEWS 2/1 mobile home, 8X10 workshop Fresh paint and carpet On rented acreage @ $100/mo $ 39,900, Owner Carry Stocks shed session losses SAN FRANCISCO (MCT) — A benchmark for blue-chip stocks man- aged its fifth-straight gain Monday, helped by Wal-Mart Stores shares and a partial comeback in the finan- cial sector. The Dow Jones industrial average traded in negative territory most of the day before ending with a 17.46- point gain, up 0.2 percent, at 10,642.15. The 30-component aver- age of large, established U.S. compa- nies has edged up 0.8 percent over its five-day rally. The Dow's strongest component by far was Wal-Mart, up 2.8 percent after Citigroup upgraded the retail giant to buy from hold, predicting more aggressive pricing. The Nasdaq Composite Index was off 0.2 percent, hurt by a 2.8 percent decline in Google Inc. after weekend reports that a recent row with China's government over security and free speech may end with the search giant shuttering its Chinese site altogether. The S&P 500 was up 0.1 percent, led by a 0.8 percent gain in its con- sumer-staples sector. The index's financial category was off more than 1 percent at its intraday low but man- aged to finish almost flat, off just 0.1 percent. On the Dow, Bank of Amer- ica Corp. closed flat, while JPMor- gan Chase Inc. shares came off ses- sion lows. Some investors returned to the sector following Senate Banking Committee Chairman Christopher Dodd's unveiling of a new regulatory overhaul plan for Wall Street. While the measure was harsher than antici- pated a few weeks ago, it didn't include some of the most restrictive measures that traders had factored into share prices in recent months. For instance, a version of the so- called Volcker Rule included in Dodd's proposal wouldn't prohibit certain forms of bank speculation outright, as its namesake, former Federal Reserve Chairman Paul Vol- cker, intended. But Dodd's proposal would give regulators leeway to enforce limits on a case-by-case basis. "This overhaul really had been the 800-pound gorilla in the room for the markets," said analyst Art Hogan, of Jefferies & Co. "But now that we get the details, it's not so scary." Elsewhere, Moody's Investors Service said risks are growing to the four largest triple-A-rated countries: Germany, France, the U.K. and the U.S. Meanwhile, Chinese Premier Wen Jiabao warned of a double-dip reces- sion given financial system risks and continued high unemployment in some countries. Among stocks in focus, Phillips- Van Heusen jumped 9.8 percent after it agreed to acquire privately-held clothing company Tommy Hilfiger for $3.03 billion, largely in cash, marking the first major acquisition among retailers in years. Pepsico rose 1.6 percent after its board approved a 7 percent increase in the soft-drink maker's dividend. The panel also authorized the repur- chase of up to $15 billion of shares through June 2013. Amylin Pharmaceuticals shares climbed 16 percent after the Food and Drug Administration said it didn't want more clinical data on a diabetes drug the company is developing with Eli Lilly & Co. and Alkermes. Alker- mes shares climbed 15 percent, while Lilly was up 0.2 percent. Boston Scientific Corp. plunged 12.6 percent on a report it has sus- pended selling a form of defibrillator. Wall Street FCC unveiling sweeping national broadband plan WASHINGTON (AP) — More corners of the coun- try would have high-speed Internet access and existing connections would become much faster under a sweep- ing proposal to overhaul U.S. broadband policy that is being unveiled today. The plan from the Federal Communications Com- mission is meant to guide the government's strategy on broadband for the next decade and beyond. It reflects the Obama administration's concern that the nation that invented the Internet is in danger of falling behind the development of online applications in other countries that have faster broadband speeds at lower prices. Yet it's not certain the FCC can find the corporate support and legal clearance to carry out the entire plan. Already, broadcasters oppose one key proposal, which calls for reclaiming some airwaves from TV sta- tions and auctioning those frequencies to companies that deliver wireless Internet access. The FCC also wants to rewrite complicated telecommunications rules in order to pay for broadband using a federal program that now mainly subsidizes telephone service in poor and rural areas. Congress and federal regulators already have been trying to modernize that program for years. Funding could be a question as well. The FCC does not estimate the total cost of the plan. It insists that its proposals could be paid for by auctioning off slices of the airwaves. But the agency will have to persuade Congress that as much as $20 billion from the airwave auctions be set aside for broadband plans and not get routed to other purposes. That would come on top of the $7.2 billion for broadband included in the 2009 stimulus bill. The Commerce and Agriculture departments are handing out that money now.