4:20 pm : The market closed on an upbeat note as a batch of merger and acquisition activity valued at more than $90 bln got investors back in buying mode. Nonetheless, stocks were mired in relatively tight trading ranges throughout most of the session, as uncertainty about Thursday's FOMC meeting and what the Fed's policy directive will imply about the need for further tightening loomed. As a result, investors didn't show any sense of overwhelming excitement until limited participation during the last 30 minutes of trading helped the indices close near session highs. To wit, the
Got Healthy Bones? Even if you're good about drinking milk and taking calcium, your bone future might not be as bright as you think. What's missing? Try folate.
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General Health Tip
Personal Energy Crisis? Watch out for "energy" foods -- energy bars, energy drinks, etc. Most Americans do not have an energy deficit, so that "energy" (mostly sugar) isn't burned off -- it just shows up as extra pounds on the scale.
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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?
Flooding cripples Washington Combination photograph shows back of U.S. $20 bill showing The White House with the 140-yr old Elm tree and workers at the White House clearing the fallen tree, which was knocked down by heavy winds in a storm in the Washington area overnight, June 26 2006. (Larry Downing - L/Reuters)
3:58 pm PT CNBC Guests of Interest for Tomorrow, June 27 : Guests of interest include: Squawk Box 6:00 AM - 9:00 AM ET: Steve Forbes Forbes CEO...� Power Lunch 12:00 PM - 2:00 PM ET: Charlie Smith Fort Pitt Capital Group Chief Investment Officer...� Street Signs 2:00 PM -- 3:00 PM ET: Wilbur Ross, Jr. International Coal Group...� Closing Bell 3:00 PM - 5:00 PM ET: Gordon Fowler Glenmede Chief Investment Officer...� Kudlow & Cramer 5:00 PM -- 6:00 PM ET: Gregory Boyce Peabody Energy President & CEO.
3:23 pm PT In Focus Announces Preliminary Second Quarter 2006 revs below guidance (INFS) 3.73 -0.09 : Co issues downside guidance for Q2 (Jun), sees Q2 (Jun) revs of $112 mln vs. $122.07 mln Reuters Estimates consensus. Co sees lower revs due to later-than-expected volume shipment of its new commercial products and weaker-than-planned sales of its new entry-level consumer product, the IN72, especially through the retail channel in both the US and Europe.
2:47 pm PT American Capital and Contec Management Invest in Buyout of Contec (ACAS) 33.08 +0.19 : Co announced today it has invested in the buyout of Contec, the leading repairer of cable set-top-boxes in North America. American Capital's investment takes the form of a senior term B loan, senior and junior subordinated debt and convertible preferred and common equity. American Capital is also providing a revolving credit facility. CIT Communications, Media and Entertainment, a unit of CIT Group, and CIBC World Markets are also investing in the revolving credit facility and senior term B loan. Contec management is making a significant investment in equity alongside American Capital.
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