4:20 pm : Stocks soared Thursday as investors rallied around the idea that the Fed may finally take a breather after two years of interest rate increases.
As expected, the Fed raised rates another 1/4% to 5.25%, representing the seventeenth consecutive rate hike since its first bump in June 2004. While higher rates obviously aren't good news for stocks and the language of the policy statement was essentially the same, the Fed reiterating that "inflation expectations remained contained" and saying that "the moderation in the growth of aggregate demand should help to limit
Lose 20 Lbs. Omit just 200 calories every day for a year, and you'll lose up to 20 pounds! One step in the right direction: Use mustard instead on mayo on sandwiches, and skip the cheese.
More
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?
Supreme Court blocks Bush, Gitmo war trials Salim Ahmed Hamdan is seen in this undated file photo. The former driver for Osama bin Laden may help decide the fate of dozens of Guantanamo Bay detainees, and perhaps all of them, as the U.S. Supreme Court prepares to rule on his legal challenge to the first American war-crimes trials since World War II. The court, which is expected to rule as early as Monday, June 26, 2006, is considering a range of issues in detainee Salim Ahmed Hamdan's case, including whether President George W. Bush had the authority to order military trials for men who were captured in the war on terror and sent to Guantanamo Bay Naval base in Cuba. (AP Photo/photo courtesy of Prof. Neal Katyal)
3:31 pm PT Charlotte Russe Announces Sale of 44 Rampage Stores (CHIC) 22.18 +1.10 : Co announced that it has entered into an agreement to sell certain Rampage store assets to Forever 21 Retail, Inc. Included in the transaction are leasehold interests, store fixtures and equipment for 44 store locations operating under the Rampage store name. The Co will receive approximately $14 mln of sales proceeds from this all-cash transaction, subject to and contingent upon the satisfaction of certain conditions. As reported at the end of our�Q2 ended March 2006, the Rampage business assets were essentially written down to zero as a result of the $22.5 mln pre-tax and non-cash impairment charge. The sale transaction announced today is expected to be reported in the Q4 FY 2006 which began on June 25th and ends on September 30th.
3:19 pm PT CNBC Guests of Interest for Tomorrow, June 30 : Guests of interest include: Squawk Box 6:00 AM - 9:00 AM ET: Mike Smid Roadway Express CEO; Dennis Kavelman Research in Motion CFO...� Morning Call 10:00 AM -- 12:00 PM ET: Ed Colligan Palm CEO...� Street Signs 2:00 PM -- 3:00 PM ET: Paul R.T. Johnson Boston Cabot, LLC CEO; Robert Darbelnet American Automobile Association President & CEO.
Add Content
Change Layout
Change Colors
