4:20 pm : The market was headed for its fifth consecutive day of declines, but buyers stepped in about an hour and a half before the bell. The more defensive areas of the market attracted the most interest, but the late-day buying was relatively broad-based. Along with the Dow and S&P, eight of the ten economic sectors finished positively.
Rising interest rates continue to occupy investors' attention. The yield on the benchmark 10-year note remained at a 20-month high, but�bonds were trading in somewhat of a holding pattern ahead of Friday's jobs report and in
French Fry Surprise Passing on starchy french fries has never sounded better for your health.
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General Health Tip
The Blue Plate Special. The healthiest picks at a diner: Grilled chicken sandwich; broiled fish; white meat turkey dinner, gravy on the side; chili; peel 'n' eat shrimp; broth; egg-white omelet; baked potato; buckwheat pancakes.
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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!
GOP House Panel Votes to Block Ports Deal A security guard speaks to a truck driver entering Seagirt Marine Terminal Wednesday, March 8, 2006, in Baltimore. Seagirt Marine Terminal and Dundalk Marine Terminal, which sits adjacent to it, are among those that Dubai Ports World, an United Arabs Emirates state-owned company, would operate if it succeeds in acquiring the London-based Peninsular and Oriental Steam Navigation Co., the privately owned company that currently oversees port operations at the involved marine terminals. (AP Photo/ Steve Ruark)
2:54 pm PT Anadarko Petro Awarded 2.6 Million-Acre Exploration Block Offshore Mozambique (APC) 95.97 -0.89 : Co announced it has been declared the winning bidder for exploration and production rights to Offshore Area 1 in Mozambique's second licensing round in the under-explored Rovuma Basin.� The 2.64 million-acre block, positioned in northeast Mozambique, includes approximately 90,000 onshore acres and stretches eastward 35 miles (56 kilometers) offshore, where water depths extend down to 6,000 feet.� "Offshore Area 1 is a ground-floor opportunity to explore the highly prospective Rovuma Basin, where only two wells have ever been drilled. Anadarko has been actively working seismic, well and other geologic data from the Rovuma Delta for the past three years and has concluded that the basin is similar in nature to the proven world-class petroleum systems of the Niger Delta, Mahakam Delta and the Gulf of Mexico." Anadarko's bid included a four-year initial exploration term with options to extend that phase another four years, and a 30-year production term following any commercial discoveries. Anadarko was awarded the block on the basis of a work commitment to acquire new 2D and 3D seismic and drill seven wells during the initial exploration term. Anadarko will operate the block, initially with a 100 percent working interest.
2:08 pm PT Market Wrap : The market was headed for its fifth consecutive day of declines, but buyers stepped in about an hour and a half before the bell. The more defensive areas of the market attracted the most interest, but the late-day buying was relatively broad-based. Along with the Dow and S&P, eight of the ten economic sectors finished positively.
2:01 pm PT Garmin to now be offered in DaimlerChrysler's smart car; also announces other new features, expansion (GRMN) 74.79 +0.95 : Co issues six press releases: 1) co announces expanded map coverage for Eastern Europe to include detailed maps of select portions of Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia, Hungary, Slovenia, and Croatia. Map data is provided by Navteq (NVT); 2) Co announces a close partnership with GPS-Buddy, which provides logistical tracking and management solutions for businesses with fleet vehicles; 3) Co announces that DaimlerChrysler's (DCX) smart car will begin offering a Garmin GPS system; 4) co expands its best-selling line of StreetPilot c-series automotive navigators with offerings that include new features; 5) co announces a new feature for its all-in-one Personal Travel Assistant --�the nuvi 310 and nuvi 360 will incorporate Bluetooth Wireless Technology, as well as a GPS navigator, MP3 player, audio book player, language translator, travel guide, currency converter, etc.; 6) Announces that Garmin Mobile 20 -- an automotive navigation system that delivers Garmin's voice-prompted, turn-by-turn directions using Bluetooth wireless technology.
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