4:20 pm : Stocks took a breather Thursday as broad-based consolidation efforts brought the strong start to 2006 to a standstill, closing all ten economic sectors in negative territory. With the Dow, S&P and Nasdaq up an impressive 3.0%, 3.7%, and 5.7%, respectively, over just the first seven days of the year, a lack of industry leadership spurred in part by downbeat analyst commentary, volatile energy prices and earnings uncertainty prompted participants to lock in recent gains.
Materials turned in the day's worst performance, led by continued deterioration in DuPont (DD
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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!
Alito seems headed for confirmation Senator Ted Kennedy (D-MA) uses a visual aide as he makes a point during questioning of Supreme Court nominee Samuel Alito during Alito's Senate Judiciary Committee hearings on Capitol Hill, January 12, 2006. (Kevin Lamarque/Reuters)
3:40 pm PT Atlas America announces IPO of Atlas Pipeline (ATLS) 72.34 0.73 : Co announced today that its wholly-owned subsidiary Atlas Pipeline has filed a registration statement with the SEC for an IPO of 3.6 mln common units, representing an approximate 17.1% limited partner interest in it. Upon completion of this offering, the partnership will own the general partner interest, all of the incentive distribution rights and an approximate 12.8% limited partner interest in Atlas Pipeline (APL), a publicly-traded midstream energy services provider.
2:14 pm PT Neoware Systems announces in an 8-K preliminary Q4 revenues of $29 mln, consensus $27.9 mln (NWRE) 27.11 -1.23 : Revenues for the qtr ended December 31, 2005 are expected to be approximately $29 mln compared to $20.5 mln in the prior year qtr, an increase of approx 42%. GAAP gross profit margin as a percentage of rev is expected to be around the mid point of the Co's guidance of 40% to 45%. Op expenses are expected to be in the same range as the prior sequential qtr as a percentage of rev.
2:04 pm PT Dominion Homes Reports 2005 Sales and Closings (DHOM) 11.60 -0.27 : Co reported that it sold 1,944 homes, with an aggregate sales value of $370.6 mln, during 05 compared to 2,450 homes sold, with an aggregate sales value of $460.3 mln during 04. Home sales during 05 declined 21% compared to the number of homes sold during 04. According to Douglas G. Borror, CEO, "New home sales in our markets and throughout the Midwest continued to be a challenge throughout the year. Co has taken steps to reduce land holdings, reduce selling, general and administrative expenses, including staff reductions, and continue to meet the market with significant discounting."
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