Red Bluff Daily News

September 25, 2012

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10B Daily News – Tuesday, September 25, 2012 Complete Autobody Repair INTERCITY BODY & PAINT Factory Trained Specialists In: • Painting • Fiberglass Repair • Exotic Metals • Color Matching • Frame Repair • Spray-In Bedliners • All Auto Manufacturers • Rental Cars Available We accept all Insurance Carriers 530 529-2040 1355 Vista Way, Red Bluff NEW YORK (AP) – U.S. stocks meandered sideways Monday as fears about Europe overshad- owed recent excitement about central banks' efforts to boost the market. Stocks opened lower, US stocks drift as European gloom returns Wall Street announce next month. The Dow Jones industri- the global economy. The German report reignited those fears. recovered by mid-after- noon to nearly flat and closed down modestly. An index of business $5 off Signature Service® Oil Change 190 S. Main St., Red Bluff 530-527-8264 Jiffy Lube, the Jiffy Lube design mark and Jiffy Lube Signature Service are registered trademarks of Jiffy Lube International, Inc. ©2011 Jiffy Lube International, Inc. confidence in Germany, the biggest economy in Europe, fell for a fifth straight month. Many economists had expected it to at least remain flat. Some think Germany is headed for a recession. The threat of the years- old European debt crisis has seemed less immediate in recent weeks as central banks unveiled measures aimed at encouraging investment and boosting MON.-FRI. 8AM-6PM SAT. 8AM-5PM Stocks had risen strong- ly in recent weeks as traders anticipated, then received, help from the Federal Reserve in the form of an open-ended bond-buying program. The Fed will buy $40 billion of mortgage bonds per month until the economy has improved. ''It's not unusual after al average closed down 20.55 points, or 0.2 per- cent, at 13,558.92. The Standard & Poor's 500 index declined 3.26, or 0.2 percent, to 1,459.89. Its two strongest groups were utilities and telecommuni- cations, safer stocks that tend to do well in a weaker economy. big moves for the market to, in essence, go quiet and wait for the next catalyst,'' said Quincy Krosby, mar- ket strategist with Pruden- tial Financial. The next cat- alyst, Krosby said, is third- quarter earnings, which companies will begin to MOULE'S TEHAMA COUNTY GLASS SIDEVIEW TEHAMA COUNTY EASY CREDIT! VOTED BEST TIRE DEALER IN RED BLUFF 614 WALNUT ST. 530-529-1612 CORNING 1723 SOLANO ST. 530-824-4929 AUTO TIRES • WHEELS • BRAKES • ALIGNMENT • A/C • AUTO REPAIR • & AND MORE CENTER RANDAL S. ELLOWAY DDS IMPLANT DENTISTRY 2426 SO. 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We would be pleased to evaluate your oral health and discuss treatment options with you. 527-2649 780 EAST AVE. (behind Food Maxx) STRAIGHTEN IT OUT. Voted BEST in Tehama County all 7 years 2006~2012 AUTO BODY REPAIR index dropped 19.18 points, or 0.6 percent, to 3,160.78. The Nasdaq is heavy in technology shares, which were dragged lower by Apple. The Nasdaq composite As in the U.S., the con- cern in Germany is that an economy on the rebound will be weighed down by the rest of the European countries, half of which are already in recession. grew 0.3 percent in the sec- ond quarter from the previ- ous quarter, but a number of economists now believe the country will fall into a recession in the second half of the year. Germany's economy In the U.S., stocks have gone from underpriced to fairly priced, said Doug Cote, chief market strate- gist at ING Investment Management. If recent weakness in U.S. manufac- turing is any guide, he said, traders will be disappointed next month by companies' quarterly results. ''It will be a sea change — the first time in three years that we've had nega- tive earnings growth,'' Cote said. He said China's abrupt economic slow- down is adding to corpo- rate America's woes. Tony & Carmen Kelley 22679 Moran Road Corning, Ca 96021 530-824-2195 Fax: 530-824-0748 K W I K K U T S Family Hair Salon $200 REGULAR HAIRCUT off with coupon Not good with other offers 1064 South Main St., Red Bluff • 529-3540 Reg. $13.95 Expires 9/30/12 TATTOO Sierra Sound 35th FIRST LOVE Car Audio New for Summer Fresh line of Accessories & Clothing 648 Main St. Downtown Red Bluff (530) 528-8288 $ 226 So. 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