4:20 pm : For a third straight day, reasonable valuations continued to whet the appetites of bargain hunters and those hoping that the market low reached on Wednesday was in fact the bottom so many have been waiting for. After slipping below the 11,000 level for the time since early March just two days ago, the Dow powered back to lead the way among the majors, ending a two-week losing streak and tacking on nearly 300 points since bottoming out at 10,980 on Wednesday.
Providing some of the early market support that carried broad-based efforts into the close was the fact that
Make Love, Calm Down Do your palms sweat, knees shake, and lips quiver at the thought of giving a presentation?
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General Health Tip
Chocolate Is Good for You! At least it is if you stick to cocoa, or chocolate with little saturated fat. Cocoa has flavonoids -- the same health-boosting substances found in tea, red wine and soy foods. Studies suggest the flavonoids may help protect against heart disease and stroke.
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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?
Strong earthquake kills 309 in Indonesia Victims are treated outside a hospital after a strong earthquake in Yogyakarta, Central Java, Indonesia, Saturday, May 27, 2006. A powerful earthquake rocked Indonesia's Central Java province early Saturday, flattening buildings and killing at least 211 people, hospitals and officials said. Scores of other people were injured. (AP Photo/Sinar Harapan, Yuyuk Sugarman)
1:55 pm PT Market Wrap : For a third straight day, reasonable valuations continued to whet the appetites of bargain hunters and those hoping that the market low reached on Wednesday was in fact the bottom so many have been waiting for.
1:06 pm PT CPI Aerostructures announces Director Resignation (CVU) 7.48 +0.17 : Co announced today that independent director and Audit Committee Chairman A.C. Providenti informed the co's Board of Directors that he will be resigning from the Board and from his position as Audit Committee Chairman effective June 13, 2006, the date of CPI Aero's Annual Meeting of Shareholders. Walter Paulick, a current Audit Committee member, will replace Mr. Providenti as Chairman of the Audit Committee and Eric Rosenfeld, the co's non-executive Chairman of the Board, will become a member of the Audit Committee. Mr. Providenti advised CPI Aero that his resignation is not the result of any disagreement on any matter relating to the Company's operations, policies or practices.
1:01 pm PT Sovereign Banc receives all regulatory approvals to complete Santander and Independence Transactions (SOV) 22.18 +0.00 : Co announced today that both Sovereign and Banco Santander Central Hispano, S.A. have received all required regulatory approvals necessary to complete Santander's previously announced investment in Sovereign and Sovereign's acquisition of Independence Community Bank Corp. Sovereign said the $2.4 bln common equity placement to Santander, at $27.00 per share, will take place on May 31, 2006. After the offering, Santander will own 19.8% of Sovereign's common shares outstanding. Effective as of June 1, 2006, Sovereign will acquire Independence by purchasing all outstanding common shares of Independence for $42.00 per share in cash.
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