4:20 pm : Not all that surprising, as the first trading day of August has resulted in declines for the Dow in 13 of the last 20 years, stocks closed lower across the board, as heightened inflation fears provided an excuse to question the possibility of a pause at the next FOMC meeting one week from today. According to The Stock Traders Almanac, August has been the worst month for stocks over the last 15 years.
Before the bell, the Commerce Dept. showed that the core-PCE deflator, an indicator of inflation tied to spending patterns, rose 0.2% in June. That matched expectations
Stop Emotional Eating. It's not always calories, fat or any other diet factor that causes people to become overweight. For many people, the trigger to overeating is stress, and the answer is mastering relaxation techniques.
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KATHY GRIFFIN DELAYED HER DIVORCE FOR SAKE OF SHOW
In a shocking public announcement, Kathy Griffin claimed that ex-hubby Matthew Moline robbed her of $72,000 — but she failed to mention that she held the marriage together for the sake of her TV show. During a recent interview with CNN's Larry King, the 44-year-old comedienne claimed that Moline, 35, stole cash from her during their five-year marriage. "My husband, without my knowledge, was sneaking into my wallet when I was asleep in the mornings and taking my ATM cards from my private... •SEACREST GRILLS KATE BOSWORTH •BREAKING NEWS! EXCLUSIVE: COCAINE SECRET BEHIND CHRISTIE BRINKLEY DIVORCE
Star Magazine
JADA'S SEEN SURI!
Jada Pinkett-Smith is hopping on the Suri sighting train. King of Queens star Leah Remini fessed up to seeing Tom and Katie's baby earlier this month and now Jada says she's seen the baby twice. "She's one of the sweetest babies I've ever met in my life," Pinkett Smith told People magazine. "She's an absolute beauty and she's Daddy's little girl." She went on to say that, "She's beautiful and they're very happy and they need to be left alone. She's the cutest little baby. She's got a head full... •KATHARINE MCPHEE: NO LONGER IDLE •LITTLE MISS SUNSHINE
Thousands of Israeli troops battle in south Lebanon Israeli soldiers move in a tank along the Israeli-Lebanese border after their return from a mission in Lebanon August 2, 2006. (Gil Cohen Magen/Reuters)
1:18 am PT On The Wires : NightHawk Radiology Holdings (NHWK) announces that Peter Hausback, NightHawk's Chief Accounting Officer, will be leaving the co in August to pursue other career opportunities... Teva Pharmaceutical Industries (TEVA) announces in conjunction with the release of the Sanofi-Aventis (SNY)�financial results, that global in-market sales of Copaxone reached a record $353 mln in Q206..
1:13 am PT Pozen and AstraZeneca announce global collaboration to co-develop and commercialize fixed dose combinations of Naproxen and Esomeprazole (POZN) 7.49 : Co announces�that it has signed an exclusive global collaboration agreement with AstraZeneca (AZN)�for the co-development and commercialization of proprietary fixed dose combinations of the proton pump inhibitor esomeprazole magnesium, with the non-steroidal anti-inflammatory drug naproxen, in a single tablet. The product will be indicated for the management of pain and inflammation associated with conditions such as osteoarthritis and rheumatoid arthritis in patients who are at risk for developing NSAID-associated gastric ulcers. Under the terms of the agreement, AstraZeneca will pay Pozen an upfront fee totaling $40 mln with potential aggregate milestone payments of $160 mln for certain development and regulatory milestones; and $175 mln of potential sales performance milestones, if certain thresholds are achieved.
1:10 am PT MPS unit awarded configuration management contract by the UK Ministry of Defense (MPS) 13.12 : Modis International announces that it has been selected by the United Kingdom's Ministry of Defense to provide Site Configuration and Installation Design Authority Services for Ministry of Defense Airfields and Airsites. Modis International will provide consultants to deliver infrastructure configuration management across 128 sites in the UK and Europe.
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