4:20 pm : On the heels of last week's strong performance, Monday's market took a breather. The major averages traded in mixed, tightly range-bound fashion for most of the session, and they kept within close proximity of the unchanged mark. The Dow and S&P booked modest losses, while the Nasdaq registered a moderate gain.
The absence of a fresh catalyst helped halt the market's advance. For a Merger Monday, the M&A front was a light one. Reports were limited to a possible sale of Michaels Stores (MIK 38.35 +4.39) and Prudential PLC's (PUK 26.22 +2.27) rejection of
Turn to the Dark Side Is your olive oil in an opaque bottle? If not, it may be quickly losing some of its ability to protect your blood vessels.
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General Health Tip
6 Meals a Day? Mom may have taught you to eat 3 square meals, but new research suggests that people who eat 6 smaller meals per day are healthier, and have an easier time maintaining their weight and cholesterol levels.
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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!
Bush Asks U.S. to Look Past Iraq Bloodshed President Bush shades is eyes from the lights as he takes questions at the City Club in Cleveland, Monday, March 20, 2006. President Bush on Monday cited success in stabilizing an insurgent stronghold in northern Iraq, saying he has "confidence in our strategy" and critics should look beyond the images of violence to see clear signs of progress. (AP Photo/Mark Duncan)
2:04 pm PT Market Wrap : On the heels of last week's strong performance, Monday's market took a breather. The major averages traded in mixed, tightly range-bound fashion for most of the session, and they kept within close proximity of the unchanged mark. The Dow and S&P booked modest losses, while the Nasdaq registered a moderate gain.
1:51 pm PT Phillips-Van Heusen beats by $0.04, light on revs; guides Y06 EPS in line (PVH) : Reports Q4 (Jan) earnings of $0.41 per share, $0.04 better than the Reuters Estimates consensus of $0.37; revenues rose 11.2% year/year to $460.1 mln vs the $473.1 mln consensus. Co issues in-line guidance for FY07, sees EPS of $2.16-2.22, ex items�vs. $2.17 consensus.
1:42 pm PT Shuffle Master beats by $0.02, beats on revs; reiterates Y06 guidance (SHFL) 26.23 +0.25 : Reports Q1 (Jan) earnings of $0.23 per share, $0.02 better than the Reuters Estimates consensus of $0.21; revenues rose 31.3% year/year to $33.3 mln vs the $31.3 mln consensus. Co issues upside guidance for FY06, sees EPS of $1.02-1.05 vs. $1.02 consensus. Consistent with previous guidance, mgmt is targeting ~25% growth in quarter-over-quarter fiscal 2006 EPS (EPS guidance excludes the adoption of FAS 123R and any contribution from the recently announced Stargames acquisition, which it anticipates will be neutral to slightly accretive to fiscal 2006 EPS)