4:20 pm : Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting.
Before the bell, nonfarm payrolls rose a less than expected 113,000 and the unemployment rate fell for the first time since November, suggesting the labor market is losing steam and reinforcing the view that the economy is on track for a soft landing. To wit, fed funds futures were pricing in a 44% chance of an August 8 rate
Buffet Strategy. Follow this formula for any trip to a buffet table: Take a small to medium-sized plate and start by filling half of it with vegetables, one quarter with a lean protein -- chicken, turkey or fish -- and the rest with a starch such as wild rice or pasta.
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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
Israeli commando raid near Tyre kills 5 An Israeli soldier takes position near the Israeli-Lebanese border, August 2, 2006. Helicopter-borne Israeli commandos landed near the southern Lebanese city of Tyre and clashed with Hizbollah guerrillas on Saturday, Lebanese security sources said. (Gil Cohen Magen/Reuters)
2:05 pm PT Market Wrap : Friday was a wild day on Wall Street with early gains fueled by an encouraging July jobs report being wiped away as the return of concern tied to an economic slowdown outweighed the potential of a pause in tightening at Tuesday's Fed meeting.
1:10 pm PT Emmis Comms: Offer for shares of Emmis Communications Corporation withdrawn (EMMS) 14.52 -0.16 : ECC Acquisition, a corporation wholly-owned by Jeffrey Smulyan, today announced that it has withdrawn its May 7th non-binding offer to purchase shares of Emmis Communications Corporation (EMMS) in a going-private transaction. The withdrawal was communicated today in a letter to the Emmis Board of Directors.
1:05 pm PT Centene awarded statewide Medicaid contract in Indiana (CNC) 17.35 +0.67 : Co announces�it has received notification from the Indiana Department of Administration that it has been awarded the statewide Medicaid managed care contract to manage a portion of the approx 535,000 eligible Hoosier Healthwise members. The contract, effective January 1, 2007, is subject to regulatory approval. The co is one of three health plans selected to manage healthcare for Medicaid recipients throughout the state.
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