4:20 pm : For a second straight session, the stock market was extremely volatile as divergent views as to whether or not a bottom might be forming continued to dictate trading. On a positive note, it was the bulls' turn to swoop in at the end of the day to determine the day's outcome, which lifted the indices toward session highs before pulling back to close with only modest gains.
With little in the way of corporate news, investors finally got some economic data to analyze after a two-day hiatus. First out was a larger than expected 4.8% drop in April durable goods new
Tips for Healthy Grilling If you're throwing a bevy of kabobs on the grill this weekend . . . make them meatless, or mostly.
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General Health Tip
Good Carbs vs. Bad. Base your diet on whole grains, starchy vegetables, beans, soy foods, green vegetables and fruits -- foods served as nature grew them -- and you'll lower your risk of heart disease, stroke, diabetes and many major cancers.
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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?
Cheney could be witness in CIA leak case Vice President Dick Cheney greets sailors and marines after speaking at a rally in San Diego, California May 23, 2006. Cheney could be called to testify in the CIA leak case involving his former chief of staff, a U.S. prosecutor said in a pre-trial filing made on Wednesday. (Mike Blake/Reuters)
8:50 pm PT S&P futures vs fair value: -4.4. Nasdaq futures vs fair value: -9.0. : Futures versus fair value suggest that follow-through selling in the wake of yesterday's late-day reversal will lead to another disappointing open for the cash market. Contributing to the negative bias has been more broad-based weakness in overseas markets, as fears that inflation and interest rates will keep rising have knocked all three major European indices down�another 1.7%. The re-emergence of worries about a potential bird flu outbreak is also underpinning a sense of nervousness.
7:24 pm PT Adams Respiratory Therapeutics announces acquisition of Delsym from UCB (ARXT) : Co announces acquisition, and in addition, the two companies have entered into a separate agreement for the licensing of the 12-hour liquid technology. The financial terms of the agreement consist of a one-time, upfront payment of $122 mln, a modest royalty for a period of 5 years based on sales and a standard manufacturing supply agreement with a "cost-plus" structure.
7:23 pm PT O'Reilly Auto Names New CFO (ORLY) : Co announced that Tom McFall will be joining the Company May 31, 2006, as Senior Vice-President Finance/CFO. Mr. McFall succeeds Jim Batten, who will retain the role of Treasurer.
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