4:20 pm : Buyers returned after a two-day slump, weighing strong corporate profits and eased inflation concerns against a product delay from Microsoft that initially underpinned a sense of caution at the onset of trading.
Last night, Microsoft (MSFT 27.15 -0.59) announced it will delay the much anticipated Windows Vista operating system for consumers to early next year. Knowing that Microsoft is the fourth heaviest weighted constituent on the S&P 500, coupled with the plethora of PC suppliers that expected to benefit from the first software cycle upgrade in five years, it
Do Good with Dairy Head down the dairy aisle to help keep your blood pressure in check.
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General Health Tip
"Fat-Free" Flimflam? Many "fat-free" foods actually have the same number of calories as their whole-fat counterparts. Food manufacturers often replace fat with sugar -- leaving the calories the same. And if you're trying to lose weight, that's no bargain: All calories count.
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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!
Iraqi Insurgents' Raid on Jail Thwarted An oil tanker is seen engulfed with fire as its driver, left, talks on a mobile phone, in western Baghdad, Iraq, Wednesday, March 22, 2006. The cause of the fire was not know but according to driver of the oil tanker, U.S. army fired at the tanker and set it ablaze. There was no immediate comment by U.S. army on the incident. (AP Photo/Khlaid Mohammed)
1:38 pm PT Market Wrap : Buyers returned after a two-day slump, weighing strong corporate profits and eased inflation concerns against a product delay from Microsoft that initially underpinned a sense of caution at the onset of trading.
1:34 pm PT KB Home beats by 6 cents, revs slightly light; reaffirms FY06 guidance (KBH) : Reports Q1 (Feb) earnings of $2.02 per share, $0.06 better than the Reuters Estimates consensus of $1.96; revenues rose 34.0% year/year to $2.19 bln vs the $2.24 bln consensus. Co reaffirms FY06 EPS guidance of $11.25, vs. $11.29 consensus. "After several years of exceptional growth and rapid price escalation in many housing markets, it is likely that we will see some markets pull back this year from their recent pace... Our gross orders, which were only slightly below the year-earlier quarter, reflected steady demand. However, higher cancellation rates, which rose to more normalized levels, adversely impacted our net order comparison in the first quarter. Since we are just entering our prime selling season, it is still too early in the year to forecast the longer-term sales trend. Nevertheless, we remain cautiously optimistic..."
1:33 pm PT Cato announces appointment of a new CFO (CTR) 21.78 +0.91 : Co announces the appointment of Reynolds C. Faulkner as Exec VP, CFO effective May 15, 2006.
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