4:20 pm : The major averages closed sharply lower Friday as a mixed jobs report, downside guidance from two bellwethers and the absence of notable sector leadership kept buyers on the sidelines going into the weekend.
As if ADP Employer Services saying Wednesday that June nonfarm payrolls (according to their estimates) were very strong didn't create enough confusion about job growth, a mixed employment report from the Labor Dept. merely exacerbated uncertainty with regard to Fed policy. On the one hand, June nonfarm payrolls rising only 121,000 -- a level of growth consistent
All About YOU Three eye-opening factoids from the RealAge doctors.
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General Health Tip
Retire Your Toothbrush. Change your toothbrush at least once a month, or right after a cold, flu or other illness. Germs can live on a damp toothbrush for days; when you're sick, a damp toothbrush may reinfect you. Use two toothbrushes alternately to give each one a chance to completely dry out.
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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
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Israeli forces broaden Gaza incursion Palestinians run past a burning tire to avoid Israeli sniper fire during an Israeli army incursion in Beit Lahiya, in the northen Gaza Strip, Friday July 7, 2006. At least twenty-four Palestinians and one Israeli soldier were killed in fighting that broke out in the Gaza Strip after Israeli tanks and troops, backed by aircraft, seized control of a ribbon of land in the northern part of Gaza in an attempt to win freedom for a captured soldier and put Israel out of the militants' increasingly longer rocket range. (AP Photo/David Guttenfelder)
3:01 pm PT Parker-Hannifin Closes Fiscal Year With Continued Strong Orders (PH) 76.98 +0.71 : Co reported year-over-year increases in orders for the month of June in the company's Industrial, Aerospace, and Climate and Industrial Control segments. Orders for the North American Industrial business increased 7% over the same month last year. This increased growth is against increased order rates of 5% in 2005, and 24% in 2004. Strong orders were driven by distribution and MRO markets.�Rest-of-World Industrial orders increased 8%, against increased order rates of 7% in 2005, and 21% in 2004. Europe and Asia continued to be strong, and Latin America showed improvement.�Parker Aerospace reported a 15% increase in orders on a rolling 12-month basis. Commercial OEM and MRO markets remain strong.�In the Climate and Industrial Controls segment, order rates increased 30% compared to last year, led by especially strong orders from OEM customers in the month of June.
2:27 pm PT NICOR Reaches Tentative Agreement with Enforcement Staff of United States Securities and Exchange Commission (GAS) 41.80 +0.11 : Co announced that it has reached a tentative agreement with the Staff of the Enforcement Division�of the U.S. Securities and Exchange Commission�in settlement of an anticipated civil action to which the company and the SEC will be parties. As previously disclosed, the SEC, in 2002, issued a formal order of investigation related to the company's actions in connection with the accounting for natural gas costs pursuant to the Performance-Based Rate plan of Nicor Gas Co, the co's gas distribution subsidiary, which was in effect from 2000 through 2002.
2:20 pm PT Hologic Consent Agreement with the Federal Trade Commission (HOLX) 46.68 -0.73 : Co announced it has signed a consent agreement with the Federal Trade Commission, which would resolve Hologic's dispute with the FTC regarding Hologic's acquisition of the Mammotest prone bed breast biopsy system intellectual property acquired as part of the mammography intellectual property assets purchased from Fischer Imaging Corp in September 2005. The consent agreement remains subject to final approval by the FTC after a 30-day public comment period.
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