4:20 pm : As expected, the Federal Reserve left interest rates unchanged at 5.25%, marking a pause for the first time in more than two years; however, stocks closed lower across the board after the�market failed to get the closure it hoped for on the interest rate outlook.
Since the possibility that the Fed may finally take a breather after 17 consecutive rate hikes was largely priced into the market, the fact that policy makers only modestly altered the accompanying policy statement did not give any indication that the rate hike cycle is over. Also, the decision was not
Buying the Best Grains. Keep in mind that breads, crackers, grains, pastas and rice are all naturally low in fat; check labels to make sure the products you buy are as well. If total fat exceeds 2 - 3 grams per serving, some ingredient was added that you don't want.
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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
Lieberman loses battle over war U.S. Senator Joseph Lieberman (D-CT) pumps his fist after taking the stage to concede the democratic primary election to challenger Ned Lamont and announce that he will run as an independent candidate in front of a crowd of supporters in Hartford, Connecticut August 8, 2006. (Brian Snyder/Reuters)
2:34 pm PT Applied Micro delays 10-Q (AMCC) : "As previously announced, the Company's Audit Committee has begun a self-initiated review of the Company's historical stock option grant practices and related accounting... At this time, the Audit Committee is in the final stages of its review, but has not reached final conclusions about the Company's stock option practices and the related accounting treatment. Until the Audit Committee's review is complete, the Company will be unable to complete and file its Quarterly Report on Form 10-Q for the three months ended June 30, 2006. The Company intends to file its Quarterly Report on Form 10-Q as soon as practicable after the completion of the Audit Committee's review."
2:27 pm PT Harrah's to re-open Grand Casino Biloxi on August 17, pending receipt of all required regulatory approvals (HET) : �
2:16 pm PT Buckeye Tech misses by $0.01, ex-items (BKI) 7.26 -0.30 : Reports Q4 (Jun) earnings of $0.02 per share, excluding non-recurring items, $0.01 worse than the Reuters Estimates consensus of $0.03; revenues rose 6.6% year/year to $193.4 mln vs the $190.1 mln consensus.
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