4:20 pm : On the heels of yesterday's advance, the major averages spent the session in the red. Interest rate concerns continue to plague the market, and today's better than expected housing data underpinned them. A batch of disappointing news from the earnings front gave investors further reason to sell, and spiking energy prices did not help matters.
The FOMC is expected to raise interest rates again on Tuesday. Anxiety ahead of that - and ahead of the accompanying policy directive - has been mounting. For a market cognizant of the fact that the Fed will base its policy
Root for Recovery Could a spicy root help make you more comfortable after surgery? Research says it may be so.
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General Health Tip
Drink Up! By the time you're conscious of feeling thirsty, your body is already dehydrated. It's essential to drink adequate fluids -- at least 6 cups of water every day.
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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!
Insurgents Kill 2 Baghdad Police Officers An Iraqi man injured by a car bomb explosion lies in a hospital, in Baghdad,Iraq, Thursday, March 23, 2006.Two separate car bomb explosions in the capital killed at least 21 people and wounded more than 50, police said. (AP Photo/Samir Mizban)
2:38 pm PT HCR Manor Care names Steven Cavanaugh C.F.O. (HCR) 44.10 +0.21 : Co announced that Steven M. Cavanaugh will become C.F.O. of the company in May 2006. He will succeed Geoffrey G. Meyers, Exec VP and C.F.O., who is retiring�at that time.�
2:26 pm PT Google replacing BR in S&P 500 (GOOG) 341.89 +1.67 : Google (GOOG) will replace Burlington Resources (BR) in the S&P 500 after the close of trading on Friday, March 31. BR is being acquired by S&P 500 constituent ConocoPhillips (COP) in a deal expected to close on or about that date, pending final approvals...�Tuesday Morning (TUES) will replace UICI (UCI) in the S&P SmallCap 600 after the close of trading on Wednesday, March 29. UICI is being acquired by a group of private equity firms in a deal expected to close on or about that date, pending final approvals... Matria Healthcare (MATR) will replace Hughes Supply (HUG) in the S&P SmallCap 600 after the close of trading on Thursday, March 30. HUG is being acquired by S&P 500 and S&P 100 constituent Home Depot (HD) in a deal expected to close on or about that date, pending final approvals... Tronox (TRX.Bwi) will replace Meade Instruments (MEAD) in the S&P SmallCap 600 after the close of trading on Thursday, March 30. S&P 500 constituent Kerr-McGee (KMG) is spinning off the Class B shares of Tronox to shareholders in a deal expected to close on or about that date.�
2:19 pm PT Navarre Announces Acceleration of Stock Option Vesting (NAVR) 4.02 +0.11 : Co�announced�that it has accelerated the vesting of certain unvested and "out-of-the-money" stock options awarded to employees, officers, directors and other eligible participants under the Company's stock option plans. Co's Board and the Compensation Committee of the Board of Directors approved the accelerated vesting of those stock options with exercise prices of $4.50 or greater. As a result of this vesting acceleration, options to purchase ~2.1 million shares of Navarre common stock have become fully vested, including ~1.1 million options held by executive officers and directors, which would have otherwise vested over the next 3-5 years. Co believes that the vesting acceleration will reduce co's aggregate compensation expense by ~$3.2 million in its 2007 fiscal year, beginning April 1, 2006, and reduce such expense by ~$6.5 million over the remaining vesting period of the options.
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