4:20 pm : The major averages chalked up their worst three-day loss in over a year as growing uncertainty about a potential cease-fire between Israel and Lebanon lifted oil to record levels and kept buyers on the sidelines heading into the weekend.
Even though crude oil for August delivery closed well off its intraday, all-time high of $78.40, a $77 price tag for a barrel of black gold, especially with the summer driving season in full swing, tarnished all hopes at a potential rebound following two consecutive days of sharp losses. In fact, the belief that escalating unrest in
All About YOU How young is your brain? Try this self-test from the RealAge doctors.
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Pregnancy: Eat To Beat Morning Sickness. Eat what sounds good to you. Any food you can keep down will do (nausea is likely to improve once you reach weeks 12 - 14 of your pregnancy).
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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?
Israel: Hezbollah drone attacks warship Israeli gunners react as an artillery piece fires into southern Lebanon from a border position near Kiryat Shmona, northern Israel, Friday, July 14, 2006. Hezbollah guerrillas have rockets that can reach as far as 70 kilometers (43.5 miles) or more, Israel's army chief said Friday, a dire warning that more Israeli cities could be subject to attacks. (AP Photo/Kevin Frayer)
2:38 pm PT Embraer SA Reports Second Quarter 2006 Deliveries and Total Company Backlog (ERJ) 33.72 -0.48 : Co announced its Q2 2006 deliveries and Co backlog for the Commercial Aviation, Executive Aviation and Defense and Government segments. Q2 deliveries for Commercial Aviation, Executive Aviation and Defense and Government segments were 30, 5, and 36, respectively. 1H06 firm backlog totaled $10.2 bln. Co maintains its delivery forecast of 145 aircraft in 2006 and 150 aircraft in 2007.
2:16 pm PT Hudson City Banc Completes its Acquisition of Sound Federal Bancorp (HCBK) 13.27 +0.11 : Co announced today that its acquisition of Sound Federal Bancorp, the parent co for Sound Federal Savings, has been completed. In accordance with the Agreement and Plan of Merger, dated February 8, 2006, the Co acquired Sound and, through a series of transactions, merged Sound Federal with and into the Bank. The Co purchased Sound for $20.75 per share in cash, representing an aggregate transaction value of approximately $265 mln.