4:20 pm : Another solid round of earnings reports catalyzed a pervasive bullish sentiment Friday. A lower than expected read on fourth quarter GDP growth did little to temper buying action, and appeared to take a back seat to the corporate front today.
Dow components Microsoft (MSFT 27.77 +1.27) and Proctor & Gamble (PG 59.75 +0.93) were the session's highlights. The former delivered strong profits and issued reassuring guidance that supported both the Tech sector (+1.0%) and the broader market. Surging Broadcom (BRCM 69.87 +11.15) shares, following its blowout Q4
Fair and Square Are you getting what you deserve? Speaking up for yourself could be good for your health.
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General Health Tip
Eggs Are Always In Style. Eggs don't have to be just for breakfast. A hearty egg-white omelet with healthy fixin's like vegetables and low-fat cheese, served with whole-wheat toast or a baked potato, can be a delicious, filling, nutrient-rich lunch or dinner.
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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!
Iraq Abductors Threaten 4 Peace Activists Iraqi soldiers search a vehicle at a random checkpoint in central Baghdad, Iraq, Saturday, Jan. 28, 2006. Sunni Arab leaders on Saturday condemned recent large-scale crackdowns launched by police on Sunni neighborhoods in the Iraqi capital and demanded government protection from further raids. (AP Photo/Khalid Mohammed)
2:55 pm PT Market Wrap : Another solid round of earnings reports catalyzed a pervasive bullish sentiment Friday. A lower than expected read on fourth quarter GDP growth did little to temper buying action, and appeared to take a back seat to the corporate front today.
1:22 pm PT Cummins Expands Joint Venture in India to Boost Engine Production (CMI) 99.91 +5.99 : Cummins Inc. (CMI) and Tata Motors have signed an agreement that will allow their joint venture, Tata Cummins Ltd. (T.C.L.), to begin manufacturing the popular ISB engine in the near future. T.C.L. currently produces ~69K Cummins B Series engines a year. Under the agreement, T.C.L. will increase its total engine production to 100K units within two years and 120K units thereafter. The engines produced by T.C.L. will meet Euro 2, Euro 3 and Euro 4 Indian and European standards for diesel emissions. The estimated $60 mln needed for the expansion will be funded by T.C.L.'s ongoing cash flow and joint venture debt...
1:17 pm PT Advanced Magnetics, Inc. Says Cytogen Lawsuit Is Without Merit (AVM) 19.15 +0.53 : Co�announced that Cytogen Corp filed a lawsuit on January 25, 2006 against the company in Massachusetts Superior Court. The complaint includes claims of breach of contract, breach of implied covenant of good faith and fair dealing, fraudulent misrepresentation and unjust enrichment related to a license and marketing agreement entered into in August 2000 between AVM and Cytogen granting Cytogen certain rights to Combidex and to ferumoxytol for oncology imaging applications only. AVM believes the lawsuit has no merit and plans to conduct a vigorous defense of the claims set forth in the complaint.
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