4:20 pm : It was anticipation of, and then digestion of, today's FOMC event that dictated trade. For the fifteenth consecutive time, the Fed raised the fed funds rate by 25 basis points. As had been expected, it wasn't today's tightening that sparked selling. The rate hike, to 4.75%, had been fully expected. The catalyst was instead the accompanying policy statement. Some participants had been hoping that the Fed would signal an imminent end to the current monetary tightening cycle. The directive's diction was little changed, though, and provided no signal that rate hikes are coming
Wait for Weights Maximize the calorie-burning benefits of your workout by tackling cardiovascular exercise before strength training.
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General Health Tip
Soup's On! Broth-based soups are a great way to fill up with few calories. Research shows that when you start a meal with a broth-based soup, especially one swimming with vegetables, you'll likely consume about 100 fewer calories at that meal.
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NATALEE'S UNCLE SAYS 'RE-ARREST DEEPAK!'
Natalee Holloway's uncle is demanding that suspect Deepak Kalpoe be re-arrested in the 10-month-old mystery of the pretty blonde honor student who disappeared in Aruba. Deepak, his brother Satish and Joran van der Sloot were with the Alabama teen, pictured center, when she was last seen leaving a bar on the island in the early hours of May 30. Her uncle Paul Reynolds told The National Enquirer that he believes Deepak, 21, should be the chief suspect instead of van der Sloot, 18. Reynolds also... •STAR JONES CHEATS DEATH AS SHE UNDERGOES PLASTIC SURGERY •A WILD NIGHT OUT FOR JESSE & HIS PARTY PAL LINDSAY
Star Magazine
KATIE HOLMES: FEARING FOR HER TOMKITTEN
Katie Holmes was already worried about the upcoming birth of her baby. According to the tenets of 43-year-old fiancé Tom Cruise's religion, Scientology, she'll have to be silent (not even a moan!) during the delivery, lest the trauma be imprinted in her baby's brain. Plus, a source says, "Only Tom and a few Scientology supporters will be in the room — not Katie's mother!" And Scientology advocates separating the baby from its mother for at least the first 24 hours after birth. Now... •IT'S OVER! KRISTIN CHEATS ON NICK WITH HER EX! •ANGELINA PILOTING HER PLANE AT 7 1/2 MONTHS: IS SHE CRAZY?
Olmert claims victory in Israeli election Israeli interim Prime Minister Ehud Olmert reads a prayer after early exit polls in Israel's general elections showed the victory of his centrist Kadima party in Newe llan, March 29, 2006. (Goran Tomasevic/Reuters)
2:51 pm PT Golf Galaxy guides Y07 revs above consensus (GGXY) 22.00 -0.39 : Co said that for its fiscal year ending March 3, 2007, a 53-week period net sales are currently expected to be $305-315 mln,�Reuters consensus is $278 mln; Comparable store sales are currently expected to increase 6-8% y/y; Net income is currently expected to be $7.5-8.1 mln (pending the final purchase price allocation of The GolfWorks acquisition); assuming 11.6 million weighted average shares outstanding, diluted earnings per share are expected to be $0.65-0.70, consensus is $0.67.
2:49 pm PT Reckson Assc Rlty Announces Offering of $275 Million of Ten-Year Senior Unsecured Notes (RA) 45.09 +0.69 : �
2:44 pm PT Opsware Chairman Marc Andreessen Terminates 10b5-1 Plan (OPSW) 7.98 +0.03 : Mr. Andreessen adopted the plan in September, 2004 to sell up to 3 million shares of Opsware Inc. After selling ~2 million shares under the program, Andreessen has recouped his initial investment in Opsware and has elected to terminate the plan. Andreessen remains Opsware Inc.'s largest individual beneficial shareholder with ~10.1 million shares beneficially owned.
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