Market Update Sat 10:03am ET: Weekly Recap - It was a mixed week for the stock market. Downward momentum from late last week carried into early this week, but the market then stabilized and went into a holding pattern.
Two themes from the past week were good economic data and continued mergers and acquisitions.
On Monday, the S&P 500 lost 7 points. There was no major news to account for the loss, but the tone had worsened late in the prior week. Tuesday, the S&P was down a miniscule 0.30 for its fourth straight loss. That changed on Wednesday, as the S&P gained 3 points and...
Beneficial Bugs Yogurt fortified with healthy bacteria may help you ward off certain illnesses.
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General Health Tip
Healthier Fast Food. Eating healthy doesn't mean you can never eat fast food again. The key is understanding what you're ordering. Grilled chicken sandwiches and salads with low-fat dressing are good choices to keep calories in check.
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JESSICA'S DIVA DEMANDS
Jessica Simpson, 25, likes to act clueless, but she can swing her celebrity weight like a pro. According to a studio source, weeks before the press tour for The Dukes of Hazzard began, "we were bombarded with a six-page pamphlet of demands for Jessica from the office of her dad, Joe Simpson." Among Jessica's requests: paid accommodations for her hairstylist and assistant in the same hotel as Jessica; a wardrobe budget estimated in the thousands of dollars; cases of Evian water; and paid private... •JEN FREAKS OVER ANGELINA'S NEW BABY •JULIA STILES, GWYNETH PALTROW AND MORE!
12 trapped miners found alive in "miracle" Chrystine Neal (R) hugs her brother Danny after their uncle Jerry Groves was found alive with 11 other miners in Sago, West Virginia, January 3, 2006. (Joshua Roberts/Reuters)
10:20 pm PT On The Wires : Monarch Casino & Resort (MCRI) announces that through a wholly-owned subsidiary, Golden Town, it has acquired 100% of the equity interest of LLH Gaming and its affiliates.
10:13 pm PT Diedrich Coffee announces appointment of new chief financial officer (DDRX) 4.85 : Co announces�that Sean M. McCarthy has been appointed to serve as the new Chief Financial Officer following the planned retirement of Martin A. Lynch on January 1, 2006.
10:11 pm PT Luminent Mortgage Capital to recognize Q4 non-cash impairment on spread portfolio assets in advance of portfolio repositioning (LUM) 7.76 : Beginning in Q106,�the co�intends to reposition its Spread Portfolio assets in order to improve profitability and dividend paying capacity. Repositioning will involve the sale of some portion of the existing portfolio. Luminent believes this move will accelerate�thier diversification into high yielding residential mortgage credit investment strategies and will enable them�to achieve higher returns on equity than it would otherwise.�Co expects the repositioning of the portfolio to meaningfully improve earnings and dividend prospects for 2006 and beyond.
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