4:20 pm : Equity trade was somewhat choppy today. A variety of catalysts put sellers in control from the early going. Despite unfavorable macro conditions on multiple fronts, the market staged an afternoon recovery. The effort was short-lived, though.
The Treasury market reassumed its defensive stance. Yields across the curve headed higher, and the benchmark 10-year note again touched a four-year high of 4.90%. The bond market's action reflected traders' vigilance ahead of tomorrow's carefully watched employment data. In light of the persisting uncertainty within the
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Eat To Beat Cholesterol. Adding just 6 grams of soluble fiber to your daily diet -- one large orange and a cup of strawberries would do it -- reduces harmful LDL cholesterol an average of 10 - 20%.
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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
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KATIE HOLMES: FEARING FOR HER TOMKITTEN
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Papers: Cheney Aide Says Bush OK'd Leak Sen. Charles Schumer, D-N.Y., answers a question during a Capitol Hill news conference Thursday, April 6, 2006 to discuss new revelations in the CIA leak case. (AP Photo/Susan Walsh)
2:35 pm PT Market Wrap : Equity trade was somewhat choppy today. A variety of catalysts put sellers in control from the early going. Despite unfavorable macro conditions on multiple fronts, the market staged an afternoon recovery. The effort was short-lived, though.
1:45 pm PT Ixia guides below consensus for Q1, cites increased competition (XXIA) 13.60 +0.03 : Co issues downside guidance for Q1 (Mar), sees EPS of $0.06-0.08, ex items vs. $0.10 Reuters Estimates consensus; sees Q1 (Mar) revs of $38-39 mln vs. $40.03 mln consensus. CEO comments, "We are confident that Ixia's business and strategy remain fundamentally sound. In some instances, however, we have encountered increased competition as we target certain accounts where our competitors have been the incumbent supplier. At some customers, we have seen the time for purchasing decisions lengthen, delaying some revenues".
1:36 pm PT Extreme Networks lowers Q3 guidance (EXTR) 5.09 +0.04 : Co sees Q3 pro forma EPS $0.00-$0.02, vs $0.05 consensus; co lowers rev guidance to $84-$85 mln (consensus $92.8 mln), vs prior guidance of $90-$95 mln. Co cites lower than anticipated revs in the U.S. and Japan, which offset rev growth in the co's European markets.
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