4:20 pm : The market finished relatively flat as a batch of merger activity in the energy sector struggled to offset the growing realization that economic growth is slowing.
During another day that offered no Fed speak to worry about, some encouraging news on the merger and acquisition front before the bell slowly got investors back on the buying track following Thursday's consolidation efforts. The biggest news came from Anadarko Petroleum (APC 44.87 -3.52), which agreed to acquire Kerr-McGee (KMG 68.59 +18.29) and Western Gas Resources (WGR 59.66 +18.75) in separate
Dreaming of Sleep Wish you could sleep like a baby but find that kind of restorative rest elusive?
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General Health Tip
Salty Tales. The more salt you eat, the more your taste buds get used to the taste -- meaning you shake more on your food each day to get the same flavor. If this sounds like you, ditch the salt shaker and high-sodium soups for 1 or 2 weeks to let your palette readjust.
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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?
Miami group charged with Sears Tower bomb plot A combination of handout photographs provided by the U.S. Department of Justice shows the seven people arrested in Miami Thursday, who U.S. officials said on June 23, 2006, had discussed attacks on the landmark Sears Tower in Chicago, the FBI building in Miami and other government buildings. (Department of Justice/Handout/Reuters)
1:52 pm PT Market Internals (MKTIN) : The Dow decreased 0.27% closing at 10989, the Nasdaq was down 0.07% to finish at 2121, and the S&P was down 0.09% to finish at 1245. Leading sectors included: oil and gas exploration and production +5.1%, oil and gas storage and trans +4.3%, diversified metals and mining +2.4%, steel +2.1%, oil and gas drilling +2.0%. Lagging sectors included: electronic equip manu -3.4%, semi equip -2.1%, office elecs -1.9%, health care facl -1.4%, home furnishings -1.4%. Today's movement came from below average volume (NYSE 1412, vs. closing avg of 1735; Nasdaq 1614, vs. 2125), with about even advance/decline ratios for the NYSE, and lower advance/decline ratios for the Nasdaq (NYSE 1605/1608; Nasdaq 1468/1549, and with new lows outpacing new highs (NYSE 26/185, Nasdaq 48/126).
1:41 pm PT Market Wrap : The market finished relatively flat as a batch of merger activity in the energy sector struggled to offset the growing realization that economic growth is slowing.
1:39 pm PT IBM Undertakes Massive Compute Power Expansion for High Performance Computing on Demand (IBM) 77.10 -0.09 : Co announced that it will significantly boost the availability of supercomputing power offered through the company's Deep Computing Capacity on Demand (DCCOD) centers. IBM also announced today that it is responding to corporate client demand and will for the first time add significant UNIX-based capacity based on POWER5+ technology. �