4:20 pm : With the ebb and flow of closely-watched "incoming" data taking prevalence over corporate quarterly profits since the Fed raised rates on May 10, an economic calendar absent of any notable releases and another day without potentially hawkish Fed speak helped pave the way for a pair of strong earnings reports.
FedEx Corp (FDX 113.45 +5.13) was the first to deliver a stronger than expected quarter, reporting a 27% year/year rise in Q4 net income, which played into our Overweight rating on Industrials and helped the SnP 500 stay on pace for a 12th straight quarter of
Getting Pumped Can't get motivated to work your muscles? Try group therapy.
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General Health Tip
"Fat-Free" Flimflam? Many "fat-free" foods actually have the same number of calories as their whole-fat counterparts. Food manufacturers often replace fat with sugar -- leaving the calories the same. And if you're trying to lose weight, that's no bargain: All calories count.
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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?
7 Marines, sailor charged in Iraqi's death Chief of staff for Marine Corps Installations West, Col. Stewart Navarre points to a member of the media during a press conference about the charges handed down to seven Marines and a sailor involved in the alleged killing of a Iraqi civilian Wednesday, June 21, 2006 in San Diego, Calif. All eight were charged with murder and kidnapping. Other charges include conspiracy, larceny and providing false official statements. (AP Photo/Chris Park)
8:19 pm PT Concorde Career Colleges announces acquisition by Liberty Partners (CCDC) 14.77 : Co announces it has entered into a definitive Agreement and Plan of Merger with an affiliate of Liberty Partners. Under the Merger Agreement,�the co�will become a wholly owned subsidiary of the Liberty affiliate, and each share of issued and outstanding common stock of�the co�will be converted into the right to receive $19.80 in cash. This represents�a total merger consideration of approx $114.5 mln.
3:58 pm PT CNBC Guests of Interest for Tomorrow, June 22nd : Guests of interest include: Squawk Box 6:00 AM - 9:00 AM ET: Ernest Baynard Americans For Fair Trade Fmr. Executive Director...� Squawk on the Street 9:00 AM -- 10:00 AM ET: Steve Massocca Pacific Growth Equities Co-CEO & Head of Equity Trading; William Andrew Penn West Energy Trust President & CEO...� Morning Call 10:00 AM - 12:00 PM ET: Tom LaSorda Chrysler Group President & CEO; Donald Peterson Avaya Chairman & CEO...� Closing Bell 3:00 PM - 5:00 PM ET: Charles Phillips Oracle President.
3:46 pm PT AMB Property files $500 mln shelf registration statement (AMB) 48.79 +0.73 : �
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