4:20 pm : The stock market took a breather Monday following Friday's rally, as a cautious tone ahead of Wednesday's FOMC meeting somewhat overshadowed renewed activity on the M&A front and another pullback in oil.
Reports that Wachovia (WB 55.43 -3.96) is buying Golden West Financial (GDW 74.90 +4.39) for $26 bln and news that Thermo Electron (TMO 38.54 -0.91) is hooking up with Fisher Scientific (FSH 75.95 +2.22) in a reverse merger valued at $10.6 bln provided some sources of support and played into our bullish outlook for the investment banks. However, the ensuing
Firm Up Your Dinner Plans. Deciding ahead of time what you are having for dinner will keep you from grabbing the wrong foods when you are in a pinch. Set a deadline for yourself, say 3 p.m., to know what you're serving. This will give you plenty of time to plan and pick up what you need.
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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?
Iran letter faults US, makes no nuclear proposals Iranian President Mahmoud Ahmadinejad speaks at the Basij Militia in Tehran in this May 7, 2006 file photo. Ahmadinejad has written President Bush a rambling 18-page treatise detailing alleged American foreign policy misdeeds and defending scientific research as "one of the basic rights of nations," it was reported May 9. (Fars News/Hosein Fatemi/Reuters)
2:34 pm PT FMC Tech beats by $0.21, raises FY06 guidance (FTI) 59.69 -0.23 : Reports Q1 (Mar) earnings of $0.67 per share, $0.21 better than the Reuters Estimates consensus of $0.46. Co�raised their EPS�guidance for FY06 (Dec), sees�$2.60-2.80 vs. $2.43 consensus.
2:31 pm PT Unifi announces $225 mln sr secured notes offering in a private placement (UFI) 3.55 -0.06 : �
2:16 pm PT Pinnacle Data announces new CFO (PNS) 3.50 : Co announced the appointment of George Troutman as Chief Financial Officer, Treasurer and Secretary, effective May 4, 2006.