4:20 pm : What began as a day with no specific news to account for the lack of early buying interest, growing concern that the market got ahead of itself yesterday, especially amid uncertainty as to when the Fed will stop raising interest rates, sparked broad-based consolidation.
Again looking to the Treasury market for direction, a rise in borrowing costs provided an incentive for investors to take profits in the very bank and brokerage stocks that helped pace yesterday's relief rally. Even though an unexpected decline in weekly jobless claims does not change views on the
Dazed and Confused Just because your body is awake, that doesn't mean your mind is.
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General Health Tip
Carbs Aren't Evil! It's a nutritional "urban legend." Excess calories lead to weight gain, no matter what the source. There's little evidence that carbohydrates as such promote weight gain -- or that restricting them will help in long-term weight management.
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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!
UAE Company Agrees to Delay Ports Takeover A cargo ship is unloaded at Maryland's Port of Baltimore Thursday, Feb. 23, 2006. The imminent takeover of the Port of Baltimore by a company based in the Middle East, has prompted some Maryland lawmakers to wonder if there's any way to stop it. Baltimore's port is among half a dozen major U.S. seaports that would be taken over by a government-owned company in the United Arab Emirates. News of the takeover by Dubai Ports has raised calls from both parties for more oversight of port security, despite assurances from the White House that the change won't pose a threat. (AP Photo/Chris Gardner)
2:52 pm PT Roper Inds beats by $0.07, beats on revs; guides for Q1 and Y06 (ROP) 42.35 -0.35 : Reports Q4 (Dec) earnings of $0.57 per share, $0.07 better than the Reuters Estimates consensus of $0.50; revenues rose 42.1% year/year to $393 mln vs the $391.3 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.37-0.40 vs. $0.39 consensus. Co issues in-line guidance for FY06, sees EPS of $1.95-2.07 vs. $1.98 consensus.
2:12 pm PT Pericom Semi initiates search for new independent registered public accounting firm (PSEM) 9.17 -0.01 : �
2:08 pm PT Entravision beats by $0.02 (EVC) 7.10 -0.10 : Reports Q4 (Dec) earnings of $0.03 per share, $0.02 better than the Reuters Estimates consensus of $0.01; revenues rose 7.5% year/year to $73.1 mln vs the $71.4 mln consensus.
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