4:20 pm : Buyers dominated the trading action Monday, and drove the market higher. The indices managed to sustain moderate gains and closed within the day's relatively narrow range. A sharp decline in the price of crude was behind the advance, and it underpinned an upbeat tone set by an early bout of merger and acquisition news.
After spiking on geopolitical concerns last week, crude futures gave back 3.4% and closed at $60.76 per barrel today. Prices across the energy complex were lower, with natural gas particularly easing. A respite in what have been ongoing geopolitical
Eggs Are OK. Many studies have shown that saturated fat is a much greater factor in heart disease than dietary cholesterol. Eggs are high in dietary cholesterol, but relatively low in saturated fat. Eaten in moderation as part of a low-fat diet, they're unlikely to raise heart disease risk.
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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!
Iran Reportedly Aims to Widen Nuke Program Iranian President Mahmoud Ahmadinejad, left, walks accompanied by the Emir of Kuwait Sheikh Sabah Al Ahmed Al Sabah, right, at the Bayan Palace, Bayan, Kuwait City on Monday, Feb. 27, 2006. Ahmadinejad arrived Monday for a brief visit to this small oil-rich ally of Washington, the same day Egypt's president was scheduled to visit. (AP Photo/Gustavo Ferrari)
2:00 pm PT Joy Global announces CEO Hanson to retire in 2007; Joy Mining President Mike Sutherlin to succeed Hanson (JOYG) : Co announces that John Hanson, the company's chairman, CEO and president since 2000, has chosen to retire as president and CEO at the end of Jan 2007. Following his retirement, Hanson will continue as chairman of the company's board of directors. Michael Sutherlin, president & COO of Joy Mining Machinery has been designated to succeed Hanson as president and CEO of Joy Global upon Hanson's retirement.
1:44 pm PT Endwave appoints Brett W. Wallace Chief Financial Officer (ENWV) 9.31 +0.08 : Co announces the appointment of Brett W. Wallace as Executive Vice President effective March 1 and as ENWV's CFO effective April 25. He will succeed Julie Biagini.
1:35 pm PT Nordson reports $0.08 above consensus, ex-items (NDSN) 47.23 : Reports Q1 (Jan) earnings of $0.51 per share, excluding an operating expense of $0.02 and $0.02 in charges releated to the restructuring of the Finishing and Coating Systems segment, $0.08 better than the Reuters Estimates consensus of $0.43; revenues rose 3.8% year/year to $197.5 mln vs the $195.5 mln consensus.
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