4:20 pm : With the obsession for traders this week largely centered on how "incoming" data will affect the outlook for Fed policy heading into next Tuesday's crucial FOMC meeting, finally a day without any potentially upsetting economic releases helped investors refocus their attention on corporate earnings.
Among the biggest names beating Wall Street's expectations Wednesday and helping the market recover some ground following two days of profit-taking was Procter & Gamble (PG 58.30 +2.37). Not only did the Dow component provide support for yet another double-digit
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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
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Mideast war rages with no end in sight Israeli soldiers march towards Lebanon from northern Israel Wednesday Aug. 2, 2006. Israel launched its deepest ground strike into Lebanon on Wednesday, claiming it killed 10 Hezbollah guerrillas and captured five in the northeastern city of Baalbek, while nearby air raids killed at least 15 civilians. (AP Photo/Oded Balilty)
5:09 pm PT Cabot misses by $0.05, ex-items (CBT) 34.15 +0.60 : Reports Q3 (Jun) earnings of $0.39 per share, excluding non-recurring items, $0.05 worse than the Reuters Estimates consensus of $0.44; revenues rose 22.2% year/year to $666 mln vs the $616 mln consensus.
5:02 pm PT Penn Virginia Earnings Color (PVR) 26.97 +0.42 : Reuters Estimates is telling us that, excluding mark-to-market derivative of $11.9 m losses, an actual of $0.57 per share is comparable to Reuters estimates of $0.38, meaning PVR was $0.19 higher than consensus.
4:56 pm PT CNBC Guests of Interest for Tomorrow, August 3 : Guests of interest include: Squawk Box 6:00 AM - 9:00 AM ET: Greg Wilkins Barrick Gold CEO; Bjorn Moller Teekay Shipping CEO...� Morning Call 10:00 AM -- 12:00 PM ET: William Hecht PPL Chairman & CEO...� Closing Bell 3:00-5:00 PM ET: Donald Felsinger Sempra Energy CEO; William Rudin Rudin Management CEO.
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