4:20 pm : What was shaping up overnight to be a healthy rebound in the wake of Thursday's broad-based pullback never even got off the ground, as more disappointments in the struggling tech sector overshadowed a batch of earnings reports that on balance were better than analysts anticipated.
Early futures indications were pointing to a slightly higher open after tech bellwether Microsoft (MSFT 23.87 +1.02) closed its fiscal year last night by beating estimates by a penny, boosting its FY07 outlook and rewarding shareholders with a $20 bln buyback. Google (GOOG 390.10 +2.98
High Blood Pressure? Don't Boil Your Food. When you boil vegetables, it leaches out the potassium that is essential in blood pressure control. Steam, bake, roast or microwave instead.
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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
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Israel massing troops on Lebanese border Israeli tanks and troops line up on a road near the Israeli town of Avivim, near the Lebanese border, Friday July 21, 2006. Israel massed tanks and troops on the border, called up reserves and warned civilians to flee Hezbollah-controlled southern Lebanon as it prepared Friday for a likely ground invasion to set up a deep buffer zone.(AP Photo/David Guttenfelder)
2:56 pm PT Schnitzer Steel Receives Nasdaq Notice Regarding Delayed Filing of Form 10-Q (SCHN) 33.17 -1.25 : �
2:17 pm PT Market Internals (MKTIN) : The Dow decreased 0.55% closing at 10868, the Nasdaq was down 0.93% to finish at 2020, and the S&P was down 0.71% to finish at 1240. Leading sectors included: auto parts and equip +8.9%, trading companies and distributors +3.3%, systems software +3.1%, biotech +1.6%, auto manu +1.5%. Lagging sectors included: construction and engineering -5.0%, coal and consumable fuel -5.0%, steel -4.3%, consumer finance -3.6%, semiconductors -3.5%. Today's movement came from higher than avg. volume (NYSE 1920, vs. closing avg of 1722; Nasdaq 2409, vs. 2042), with lower advance/decline ratios (NYSE 1117/2142; Nasdaq 778/2220, and with new lows outpacing new highs (NYSE 43/167, Nasdaq 31/275).