4:20 pm : There were two primary factors behind Wednesday's advance. First, the latest rise in the Consumer Price Index matched the market's expectations. Second, crude ended its two-day rebound and dropped sharply. The indices sustained solid gains all day,�and broad-based buying took eight of the ten economic sectors higher.
With respect to the CPI data, the total rate increased a more than expected 0.7% last month. It's the core rate of CPI, which excludes food and energy, to which investors pay attention, and its 0.2% increase brought no surprise. Especially on the
Good Carbs vs. Bad. Base your diet on whole grains, starchy vegetables, beans, soy foods, green vegetables and fruits -- foods served as nature grew them -- and you'll lower your risk of heart disease, stroke, diabetes and many major cancers.
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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!
10:19 pm PT Toronto-Dominion Bank commits to purchase 15 mln shares of TD Ameritrade common stock (TD) 56.13 : Co�and TD Ameritrade (AMTD)�announce that�TD Bank�has committed to purchase at least 15�mln shares of TD Ameritrade common by Aug. 22, 2006. TD Bank�intends to establish one or more stock trading plans in accordance with Rule 10b5-1 and make all purchases in the open market. As a result of this commitment, the directors on TD Ameritrade's board that are not designated by TD Bank�have agreed to accept open market purchases in lieu of TD Bank's obligation to effect a tender offer. The existing stockholders agreement governing�the bank's�investment in�AMTD required TD to commence a tender offer to acquire shares of�AMTD common at a price of not less than $16 per share.
10:14 pm PT On The Wires : ECtel (ECTX) announces that it has entered into a Master Supplier Agreement and received a first-time order for ECtel's revenue assurance process control solution from one of the leading wireless companies in the US... AFC Enterprises (AFCE) announces that its Board of Directors has approved increasing its share repurchase program, expanding the program from $100 mln to $115 mln, effective immediately... Hovnanian Enterprises (HOV)�announces that it has entered into an agreement to sell $300�mln aggregate principal amount of 7.50% Senior Notes due 2016.
2:15 pm PT Ryder System appoints Mark Jamieson executive vice president and CFO (R) 44.52 +1.53 : Co announces it has selected Mark Jamieson as Executive Vice President and CFO. Mr. Jamieson will succeed Tracy Leinbach as CFO effective March 1, 2006. Ms. Leinbach previously announced her plans to retire from the�co following the completion of the 2005 fiscal year.
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