4:20 pm : What was shaping up to be a respectable recovery for equities Monday, spurred by a Middle East cease-fire and subsequent sell-off in oil, shaped up to be little more than a modest bounce from oversold conditions, as ongoing inflation concerns resurfaced late in the day to close the market at session lows.
When oil prices were off as much as 2.4% intraday and back below $73 a barrel, as news of a cease-fire between Israel and Hezbollah helped ease some of the geopolitical unrest partly responsible for oil recently hitting historic highs, the major averages were also
In Praise of Avocados. If you like avocados but avoid them because they're "fattening," take heart. Avocados' fat isn't the artery-clogging kind. Put 2-3 thin slices on salads and sandwiches to add flavor, and give your heart a healthy dose of monounsaturated fat and vitamin E.
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KATHY GRIFFIN DELAYED HER DIVORCE FOR SAKE OF SHOW
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Rockets hit Lebanon despite cease-fire Displaced Lebanese men, stand on the rubble of destroyed buildings looking to their destroyed house in the southern suburbs of Beirut, Lebanon, Monday, Aug. 14, 2006. Hours after a U.N.-brokered ceasefire took hold Monday, thousands of Shiite refugees returned to disaster-stricken neighborhoods south of Beirut to check on their homes. (AP Photo/Hussein Malla)
3:13 pm PT Fluor Wins Contract to Support U.S. Navy Globally (FLR) 83.05 -2.12 : Co gained a major contract with the U.S. Navy early this month when it was awarded the Global Contingency Construction -- Multiple Award Contract, known as GCC-MAC, involving contingency construction worldwide to support relief and rebuilding efforts in the wake of natural disasters, humanitarian efforts and other emergency situations. The indefinite delivery/indefinite quantity contract is for one year, with a value of up to $200 million, and offers four additional one-year option periods. In total, the potential five-year contract could be worth up to $1 billion.
2:59 pm PT Kinder Morgan Agrees to Sell Retail Gas Operations to GE Energy Financial Services for approx $710 mln (KMI) : ...
2:13 pm PT Market Wrap : What was shaping up to be a respectable recovery for equities Monday, spurred by a Middle East cease-fire and subsequent sell-off in oil, shaped up to be little more than a modest bounce from oversold conditions, as ongoing inflation concerns resurfaced late in the day to close the market at session lows.