4:20 pm : Stocks picked up where they left off over the last two weeks -- failing to find a bottom as concerns of accelerating inflation on a global scale continued to remove some of the excessive optimism that had recently lifted the major averages to multi-year highs.
It is worth noting, though, that a renewed wave of buying interest in the last half hour of trading did offer some reassurance that a market bottom may have been reached, as the Dow and S&P erased intraday declines of more than 1.1% after briefly turning positive. Nevertheless, sellers won out again as
Margarine Squeeze Refuse to give up your margarine? It may leave you breathless.
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General Health Tip
Eat a Better Breakfast. If you eat too many simple carbs at breakfast -- say, a donut and coffee with sugar -- your blood sugar rises and then quickly falls, and you'll feel your energy sag. Try oatmeal, whole-grain bread or fruit instead.
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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?
Milberg Weiss gave top Democrats funding Postal Inspector in Charge, Oscar Villanueva (C), U.S. Attorney Debra Wong Yang (L), IRS Criminal Investigation Acting Special Agent in Charge, Kathy Thornton (2nd R), and Assistant US Attorney Douglas Axel announce charges included in the indictment of the Milberg Weiss law firm and senior partners of the firm, David J. Bershad and Steven G. Schulman, on charges including obstructing justice, perjury, bribery, and fraud in Los Angeles, California May 18, 2006. (Lucas Jackson/Reuters)
2:13 pm PT Mentor Corp reports Q4, misses by $0.02 (MNT) 38.02 -1.41 : Reports Q4 (Mar) earnings of $0.37 per share, $0.02 worse than the Reuters Estimates consensus of $0.39; revenues rose 94.5% year/year to $133.6 mln vs the $130.2 mln consensus. Co issues downside guidance for FY07, sees FY07 revs of $290-305 mln vs. $395.59 mln consensus.
1:55 pm PT DOV Pharma Announces Results of Phase III Trial Analysis for Bicifadine (DOVP) : ...
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