4:20 pm : The major averages finished mixed and relatively unchanged as investors struggled to make sense of the May employment report, first weighing increased expectations of a possible pause (no more rate hikes for now) but then still worried about the economy slowing too much to sustain robust profit growth. The latter concern underscores why our view remains neutral for the stock market as investors come to grips with the reality that earnings growth expectations will have to be lowered.
Before the bell, the Labor Dept. showed that employers added less than half of the
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?
GIs at Ishaqi cleared; Haditha probe open This image is believed to have been taken a day or two after the Haditha incident, and was made available in Baghdad, Iraq, Friday, June 2, 2006, by lawyer Khaled Salem Rsayef, but was not taken by him. It purportedly shows the scene in one of the houses in Haditha, Iraq after two dozen civilian Iraqis were allegedly killed by U.S. Marines last November, which Rsayef said Friday was carried out by three or four Marines while about 20 more waited outside. EDS NOTE: Khaled Salem Rsayef, 40, is a lawyer representing several of the families and says he himself lost a sister, her husband, an aunt and her husband, and several cousins in the alleged massacre. (AP Photo)
2:09 pm PT Verizon Extends Wireless Broadband Network to Lehigh Valley (VZ) 31.94 -0.02 : Co�announced the expansion of two wide-area wireless broadband services to the Lehigh Valley, BroadbandAccess and V CAST. With the expansion, Verizon Wireless customers will be able to access the nation's largest high-speed wireless broadband network while traveling throughout Lehigh and Northampton counties, including Allentown, Bethlehem and
2:03 pm PT Ryan's Restaurant Grp Reports Sales Results for May 2006 (RYAN) 12.42 -0.07 : Co reported sales results for the 4-week period ended May 31, 2006. Same-store sales for May decreased by 1.7%. Total May sales were $65.3 mln, down 3% YOY. Same-store sales (open at least 18 mos.) down 1.7%, and avg. weekly sales (all Ryan's units) were down 0.04%. Management believes that May's softer sales result from the adverse impact of higher gasoline prices on the discretionary spending of its customer base.
2:00 pm PT Mentor Corp Completes Sale of Urology Business to Coloplast (MNT) : ...
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