4:20 pm : The major averages were weak across the board as ongoing worries of slowing profit growth prompted broad-based consolidation, closing nine of ten economic sectors lower. For the first time this month, inflation fears weren't cited as a catalyst behind underlying market weakness. Instead, a huge decline in oil prices (-3.1%) actually alleviated some concern that rising energy prices will accelerate and potentially crimp consumer spending. Nonetheless, oil's drubbing incited sellers to lock in some of the profits that have lifted Energy to a sector-leading 11.5% gain, which
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!
Cartoon Protests Deadly in Afghanistan Afghan police officer beats a protester outside the Danish embassy during a protest demonstration in Kabul, Afghanistan, Tuseday, Feb.7, 2006. Rioters clashed with police and NATO peacekeepers across Afghanistan on Tuesday in demonstrations against the publication of cartoons of the Prophet Muhammad in mostly Western press, officials and witnesses said. Several people were wounded and detained.(AP Photo/Rafiq Maqbool)
2:36 pm PT Pfizer to explore strategic alternatives for its Consumer Healthcare business (PFE) 25.18 +0.09 : In response to media inquiries ahead of the co's Feb 10 analyst meeting, co says�it will be exploring strategic alternatives for Pfizer Consumer Healthcare. These alternatives include retaining, spinning off or selling the business. The objective is to unlock the value of the business for Pfizer shareholders at a time when market valuations are attractive for large, high-quality consumer businesses.
2:33 pm PT Amazon.com unit A9.com names Intel exec as new C.E.O. (AMZN) 37.52 -0.43 : A9.com,�a subsidiary of Amazon.com,�names Dr. David Tennenhouse as its new C.E.O.�Tennenhouse is a renowned technologist and seasoned executive. He joins A9.com from Intel (INTC), where he served as VP�of the Corporate Technology Group and Director of Research.
2:18 pm PT Nashua announces sale of coated carbonless paper assets to Nekoosa Coated Products (NSHA) 7.85 +0.15 : Co announces�it has sold certain assets of its coated carbonless business to Nekoosa Coated Products. The co's coated carbonless business accounted for approx one percent of the co's total sales in 2005. Financial terms of the transaction, which closed today, were not disclosed.
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