4:20 pm : Stocks regained their positive footing Monday after languishing in consolidation mode all last week as plunging oil prices helped ease inflation fears and restore investor confidence. However, another day of below average volume, as the NYSE did not see 1.0 bln shares change hands until after 3:30 ET, provided less appreciation behind the market's recovery efforts.
With this week marking the one-year anniversary of the devastation left in the wake of Hurricane Katrina and the Fed eyeing higher energy prices as potentially putting upward pressure on overall
Coffee and Pregnancy. Moms-to-be should take a break from coffee -- caffeine crosses the placenta and large amounts may lead to low birth-weight infants.
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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
Katrina rebuilding "long way off" President Bush puts his arm around Biloxi Mayor A.J. Holloway as they tour a hurricane damaged neighborhood in Biloxi, Mississippi, August 28, 2006. (Jim Young/Reuters)
9:39 pm PT SigmaTel announces major Chinese customer taking a license to its Moon-Hwang patent (SGTL) 4.80 +0.03 : Co announced that it and a leading Chinese electronics manufacturer entered into a patent license agreement for SigmaTel's Chinese Moon-Hwang patent. This patent license agreement calls for a substantial per unit royalty for any player that does not include a SigmaTel audio decoder chip.
9:37 pm PT Brinker announces strategic offer to purchase up to approximately 11.7 mln shares in a modified 'Dutch Auction' tender offer (EAT) 36.82 +0.61 : Co announced today that the board of directors approved a plan to return capital to shareholders through a modified "Dutch auction" tender offer for up to approximately 11.7 mln shares of its outstanding common stock, for a maximum aggregate purchase price of $450 mln. These shares represent approximately 14% of the shares outstanding as of Aug. 17, 2006. The offer is expected to commence on Aug. 29, 2006. In conjunction with this strategic offer, the board of directors approved a $450 mln increase in the co's share repurchase plan, bringing the total available share repurchase authorization to $532 mln.
9:36 pm PT R&G Fincl announces management changes and provides update on restatement process and limited 2006 operational information (RGF) 7.99 : Co announced that on Aug. 28, 2006, the Co entered into an employment agreement with Andres I. Perez, which is effective Oct. 1, 2006, pursuant to which Mr. Perez will serve as Executive VP of the Co until Nov 1, 2006, at which time Mr. Perez will assume the additional title of the Co's CFO. Mr. Vicente Gregorio, presently an Executive VP and CFO of the Co, will relinquish his CFO role as of Oct. 31, 2006 but will continue to be employed by the Co as Executive VP, assisting in the transition as requested by management and the Board of Directors, until Dec. 31, 2006.�Co's Chairman and CEO, indicated "the Board had made the decision to bring in a new senior executive to continue with the completion of the restatement of its consolidated financial statements."
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