4:20 pm : Some carryover momentum from Friday and a flurry of merger and acquisition deals had initially helped the equity market rise. Sharp rebounds in energy prices and rising bond yields took the steam out of the market, however. Last week, the indices closed in mixed fashion for the third consecutive time. The trend continued today.
This Merger Monday featured a host of deals. Amongst them were McClatchy's (MNI 51.55 -1.51) $6.5 billion purchase of Knight Ridder (KRI 63.92 1.08), Pinnacle Entertainment's (PNK 29.00 +1.04) approximate $2.1 billion cash acquisition of
Beans for Your Heart Reduce your blood levels of C-reactive protein (CRP) -- a possible indicator of heart disease risk -- with a few servings of beans each week.
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General Health Tip
Fat = Cholesterol. Cholesterol in your food is not the biggest culprit for raising your blood cholesterol level. Saturated fat (red meat and whole dairy) and trans fats (fast foods and processed foods) are the primary contributors to a high cholesterol reading.
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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!
Moussaoui trial on hold Zacarias Moussaoui, who has pleaded guilty to conspiracy in connection with the September 11 attacks, is seen in this undated police photo. On March 13, 2006, a federal judge said she was considering whether to dismiss the death penalty case against Moussaoui after a government lawyer violated a rule on sharing information with witnesses. REUTERS/Sherburne County Sheriffs Office/Handout
2:03 pm PT Market Wrap : Some carryover momentum from Friday and a flurry of merger and acquisition deals had initially helped the equity market rise. Sharp rebounds in energy prices and rising bond yields took the steam out of the market, however. Last week, the indices closed in mixed fashion for the third consecutive time. The trend continued today.
1:36 pm PT Lexar Media cancels previously announced conference call (LEXR) 8.69 +0.09 : Co announces that as a result of the recent announcement regarding the execution of a definitive merger agreement with Micron Technology, it will no longer host its�Q4 and year end conference call scheduled for Tuesday, March 14. The co expects to release its results via an 8-K filing with the SEC by March 14, 2006.
1:34 pm PT NaviSite reprots Q2 EPS of -$0.14 vs -$0.17 YoY; revs of $26.3 mln vs $28.4 mln YoY (NAVI) 1.85 -0.01 : Co also sees Q3 revs of $28.1-28.5 mln, no est. Co sees FY06 revs of $111-113 mln.
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