4:20 pm : In what was shaping up to be three-day winning streak for stocks, amid generally good earnings news and more signs of a potential pause in Fed tightening, petered out into the close as the allure of locking in some profits following a two-day rally was a bit too much for the bulls. The major averages closed just below the flat line to finish relatively unchanged.
Late in the day, the Fed's Beige Book showed that 6 of the Fed's 12 districts "pointing to evidence that the pace of growth has slowed," further validating that monetary tightening has run its course (for
Skinny Quiz Who has the slimmest waist? Meat-eaters, fish-eaters, vegetarians, or vegans?
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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?
Hezbollah fighters kill 9 Israeli troops An injured Israeli soldier is helped form the top of an armored military vehicle after crossing the border from Lebanon in northern Israel Wednesday July 26, 2006. Fierce fighting between the army and Hezbollah guerrillas in southern Lebanon killed eight Israeli soldiers and wounded 22 others on Wednesday, the Israeli army said. (AP Photo/David Guttenfelder)
3:05 pm PT CTS Corp beats by $0.01; reaffirms (CTS) : Reports Q2 (Jun) earnings of $0.19 per share, excluding non-recurring items, $0.01 better than the Reuters Estimates consensus of $0.18; revenues rose 4.8% year/year to $165.9 mln vs the $166.2 mln consensus. Co reaffirms FY06 of 6-8% in sales growth and maintaining earnings $0.75-0.80 vs $0.77 consensus.
3:03 pm PT CyberSource beats by $0.03, issues light Q3 EPS guidance, and mixed FY06 guidance (CYBS) 10.19 -0.51 : Reports Q2 (Jun) earnings of $0.07 per share, $0.03 better than the Reuters Estimates consensus of $0.04; revenues rose 37.8% year/year to $16.4 mln vs the $16.1 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.03 vs. $0.07 consensus; sees Q3 revs of $17.4 mln vs. $17.46 mln consensus. Co issues mixed guidance for FY06, sees EPS of $0.24-0.25 vs. $0.27 consensus; sees FY06 revs of $68.5-70 mln vs. $68.89 mln consensus.
3:01 pm PT America Movil beats on bottom line- Reuters (AMX) 34.16 -1.15 : Co reports Q2 (Jun) earnings of 10.8 bln pesos, vs Reuters poll estimates of 7.126 bln pesos.
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