4:20 pm : The major indices closed in split fashion as investors found little conviction in the wording of the policy statement to indicate a pause at the next FOMC meeting in late June.
As expected, the Federal Reserve raised its benchmark lending rate by 25 basis points to 5.00%. However, the stock market did not get the indication it wanted from the Fed that the ongoing cycle of monetary tightening is finished. Instead, the statement read, "some further policy firming may yet be needed to address inflation risks but emphasizes that the extent and timing of any such firming
Buying the Best Grains. Keep in mind that breads, crackers, grains, pastas and rice are all naturally low in fat; check labels to make sure the products you buy are as well. If total fat exceeds 2 - 3 grams per serving, some ingredient was added that you don't want.
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The news that a team of British climbers had reached the summit of Everest seemed an auspicious sign for the reign of newly crowned Queen Elizabeth II.
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?
2:33 pm PT World Fuel Svcs beats by $0.13, beats on revs (INT) 45.34 +0.84 : Reports Q1 (Mar) earnings of $0.52 per share, $0.13 better than the Reuters Estimates consensus of $0.39; revenues rose 42.8% year/year to $2.53 bln vs the $2.47 bln consensus.
1:54 pm PT TALX reports in line, guides Q1 EPS below consensus, revs above consensus, guides Y06 EPS and revs above (TALX) 25.50 +0.23 : Reports Q4 (Mar) earnings of $0.26 per share, in line with the Reuters Estimates consensus of $0.26; revenues rose 30.8% year/year to $60 mln vs the $58.6 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.21-0.23, ex option exp vs. $0.25 consensus; sees Q1 revs of $64-66 mln vs. $58.09 mln consensus. Co issues upside guidance for FY07, sees EPS of $1.10-1.16, ex option exp vs. $1.09 consensus; sees FY07 revs of $273-278 mln vs. $242.81 mln consensus. "First-quarter earnings growth is not expected to match the projected percentage increase for the full year due to the inclusion of costs aimed at supporting the company's growth such as headquarters relocation, creation of a shared services function, integration of recent acquisitions, and enhancements to the business continuity infrastructure. The bulk of these expenses will be incurred in the first quarter and are not expected to have a material impact on full-year earnings".
1:48 pm PT International Assets Hldg reports Q1 revs up 46% (IAAC) 11.97 -0.03 : Co reports Q2 (Mar)�EPS of $0.13 vs�$0.05 last year. Revenues increased 46% yr/yr to $9.0 mln. There are no analyst ests.
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