4:20 pm : For the first time since early May, the market closed on an upbeat note for a second consecutive session as investors finally began to embrace some upbeat news on the economy. Before the market opened, there wasn't any specific reasoning behind the early positive tone other than traders simply trying to keep some semblance of a good thing going in the wake of so many down days fueled by a change in focus on the negatives. That is until encouraging GDP data hit the wires at 8:30 ET.
As expected, first quarter real GDP was upwardly revised from a strong advance read
Carbs Aren't Evil! It's a nutritional "urban legend." Excess calories lead to weight gain, no matter what the source. There's little evidence that carbohydrates as such promote weight gain -- or that restricting them will help in long-term weight management.
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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?
Senate passes immigration bill overhaul Republican senators appear at a Capitol Hill news conference, Thursday, May 25, 2006, to discuss immigration legislation. From left are, Sen. George Allen, R-Va., Sen. David Vitter, R-La., Sen. John Cornyn, R-Tex., Sen. John Ensign, R-Nev. and Sen. Rick Santorum, R-Pa. (AP Photo/Dennis Cook)
2:02 pm PT Market Wrap : For the first time since early May, the market closed on an upbeat note for a second consecutive session as investors finally began to embrace some upbeat news on the economy. Before the market opened, there wasn't any specific reasoning behind the early positive tone other than traders simply trying to keep some semblance of a good thing going in the wake of so many down days fueled by a change in focus on the negatives. That is until encouraging GDP data hit the wires at 8:30 ET.
1:37 pm PT Matav Cable reports the filing of two Llawsuits (MATV) 14.66 +0.02 : Co reported that it was notified today that a purported class action lawsuit was filed against Matav in the District Court of Nazerath. The lawsuit challenges the legitimacy of the basic cable television subscription package offered by Matav to its subscribers since the early 1990s, claiming that it violates the terms of Matav's initial cable franchise. The lawsuit claims that the initial cable franchise permitted the cable companies to offer only a basic subscription package in the "tiering" system at a certain fixed price, and that the Council for Cable and Satellite Broadcasting subsequently approved a more expansive basic package for a higher fixed price. Matav also reported that it was notified today that a purported class action lawsuit was filed in the District Court of Tel Aviv-Jaffa against "HOT Cable Television Broadcasts" claiming damages incurred from last week's telephone interconnect transmission failures described in Matav's press release of May 18, 2006. Bezeq - Israel Communications Corporation Ltd. was also named as a defendant in the lawsuit due to its role in the transmission failure.
1:35 pm PT LeCroy Board authorizes repurchase of up to 2 mln shares (LCRY) 12.98 +0.81 : �
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