4:20 pm : What first appeared to be a dismal day on Wall Street ended up being quite a relief, as investors applauded conciliatory testimony from Fed Chairman Bernanke and revisited the reality that earnings continue to check in better than expected.
Before the market opened, investors exhibited caution following the first rate hike by China's central bank since October 2004, to 5.85% from 5.58%. Not only was the move widely unexpected but it created concerns that global economic growth may be slowing. Investors were also preoccupied with upcoming testimony from Fed Chairman
An "Ouch" of Prevention One of the most under-used vaccines in this country isn't just a shot for little kids. It's one for their grandparents, too: the pneumonia vaccination.
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General Health Tip
Primo Pasta! Feel like pasta dinners are putting your calories over the edge? Simply steam some vegetables and mix at least a cup into your pasta, and you'll need a much smaller serving to feel full.
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At first, it seemed strange that several camera companies would freely share their newest technology; but their rationale was that offering one new style of film would benefit them all.
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?
Congress Struggles to Act on Gas Prices House Speaker Dennis Hastert of Ill., center, gets out of a Hydrogen Alternative Fueled automobile, left, as he prepares to board his SUV, which uses gasoline, after holding a new conference at a local gas station in Washington, Thursday, April 27, 2006 to discuss the recent rise in gas prices. Hastert and other members of Congress drove off in the Hydrogen-Fueled cars only to switch to their official cars to drive back the few block back to the U.S. Capitol. (AP Photo/Pablo Martinez Monsivais)
2:54 pm PT Cambrex beats by $0.08; issues upside FY06 guidance (CBM) 20.60 +0.27 : Reports Q1 (Mar) earnings of $0.26 per share, excluding non-recurring items, $0.08 better than the Reuters Estimates consensus of $0.18; revenues rose 8.2% year/year to $119.6 mln vs the $116.7 mln consensus. Co issues upside guidance for FY06, sees non-GAAP�EPS of $0.75-0.95 vs. $0.76 consensus; sees FY06 revs up 4-8% YoY, or roughly $473.3-491.5 mln vs. $480.31 mln consensus. On February 2, 2006, Cambrex announced that it had retained Bear Stearns as investment bankers to assist the Board of Directors in identifying and assessing strategic alternatives to increase shareholder value. There has been significant progress over the last several months, the process is ongoing and the effort continues to be a top priority of the Cambrex Board of Directors and executive management.
2:51 pm PT Tellabs board authorizes removal of cap from share repurchase program (TLAB) 16.47 -0.62 : Co announce the removal of a $100 mln cap from the share repurchase program it authorized in Jan.
2:44 pm PT Minerals Tech beats by a penny (MTX) : Reports Q1 (Mar) earnings of $0.64 per share, $0.01 better than the Reuters Estimates consensus of $0.63; revenues rose 6.1% year/year to $266 mln vs the $260.8 mln consensus.
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