4:20 pm : Stocks extended their winning streak Friday to five days as early attempts to lock in recent gains faded throughout the afternoon due largely to some notable leadership in tech, tobacco and energy.
After kicking off a busy week with a four-day rally, stocks initially looked tired Friday, as disappointing news from Dell (DELL 22.16 -0.64), a rate hike in China and a rebound in oil looked to provide a recipe for consolidation.
However, when it was all said and done, bulls continued to call the shots, embracing a boosted share buyback plan from Microsoft (MSFT
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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
Ramsey suspect to be extradited to U.S. American John Mark Karr, center, is surround by Thai and American officers as he is led out of detention center for a police news conference at Immigration office in Bangkok, Thailand Thursday, Aug. 17, 2006. The former schoolteacher has been arrested in Thailand in the slaying of 6-year-old beauty queen JonBenet Ramsey _ a surprise breakthrough in a lurid, decade-old murder mystery that had cast a cloud of suspicion over her parents. Karr, 41, said he was with the girl in her family's basement when she died and that her death was an accident. (AP Photo/Apichart Weerawong)
2:43 pm PT Bristow Group announces filing of a registration statement for public offering (BRS) 38.42 -0.09 : Co announced the filing of a Form S-1 Registration Statement for a proposed offering of $230 mln of mandatory convertible preferred stock, including $30 mln subject to the underwriters' over-allotment option. Bristow Group intends to use the net proceeds to fund the purchase of additional helicopters, including the exercise of options to acquire five large aircraft.
2:32 pm PT Unisource Energy proposes phase-in to mitigate anticipated 2009 rate increase (UNS) 33.91 +0.10 : Co has offered to mitigate the impact of a projected 23% rate increase scheduled for 2009 by phasing it in over four years through 2012. The increase would result from charging customers market rates for generation pursuant to a 1999 settlement agreement with the Arizona Corporation Commission. That agreement reduced TEP's rates by 2%, then froze them at that level through 2008 as a prelude to the use of market power prices.
2:15 pm PT Dollar General lowers FY06 second quarter earnings guidance (DG) 14.09 -0.10 : Co announced that it expects to report earnings for its Q2 ended August 4, 2006 in the range of $0.14-$0.15 per share, which is below the Co's previous guidance of $0.18-$0.22 per share provided in June. Dollar General is scheduled to announce earnings for the second quarter on Thursday, August 31, 2006 and will comment on its full-year earnings guidance at that time.�Co's gross margin for the�Q2 for FY06 is below expectations as the impact of adding more national brand items to the consumables mix was more negative than planned.
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