4:20 pm : The major indices closed mixed as some relief from plunging oil prices helped stocks snap their worst three-day losing streak in over a year and divert some attention from the ongoing unrest in the Middle East. In fact, with the Dow down 395 points over the previous three sessions and the Nasdaq off 4.4% last week alone, it wasn't all that surprising to see somewhat of a bounce.
Be that as it may, with so many additional news items on the market's radar screen this week -- from key inflation data (e.g. PPI and CPI) to Fed Chairman Bernanke updating Congress about
Don't Forget the Raisins... People who eat fruit frequently have a lower risk of developing high blood pressure, heart disease and several cancers. Three servings a day -- a half-cup of sliced fruit, 3/4 cup of juice (6 oz.) and/or a 1/4 cup of dried fruit -- keeps you on a healthy path.
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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 refuses to rule out invasion Lebanese Hizbollah guerrillas ride a motorcycle as smoke rises from a burning object in a Beirut suburb July 17, 2006. (Adnan Hajj/Reuters)
3:41 pm PT The Pomerantz Firm Charges Par Pharmaceutical Companies With Securities Fraud (PRX) 13.74 -0.10 : The Complaint alleges that throughout the class period, defendants reported earnings that were materially inflated as a result of accounting errors including an understatement of accounts receivable reserves. The Co has now admitted that the overstatement of its revs has resulted in Par overpaying its business partners in various profit sharing arrangements. As a result of the Co's internal review of its trade accounts receivable balances, the Co has decided to restate its previously reported financial statements for fiscal year 2004 and 2005 and the first quarter of 2006.
3:21 pm PT CNBC Guests of Interest for Tomorrow, July 18 : Guests of interest include: Squawk Box 6:00 AM - 9:00 AM ET: Frank Holmes U.S. Global Investors CEO, Chief Investment Officer...� Power Lunch 12:00 PM -- 2:00 PM ET: Michael Eisner Former Walt Disney Chmn. & CEO CNBC Program Host...� Street Signs 2:00 PM -- 3:00 PM ET: John Coomber Swiss Re CEO.
3:09 pm PT Franklin Electric reports Q2, beats by $0.01 (FELE) 47.72 0.08 : Reports Q2 (June) earnings of $0.70 per share, $0.01 better than the Reuters Estimates consensus of $0.69; revs rose 31.7% year/year to $162.7 mln vs the $133.0 mln consensus.
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