Market Update Close: The indices never gained any traction Thursday and ultimately broke down in the afternoon amid disappointment that there wasn't any follow-through to the rally earlier in the week that was spurred by the nomination of Ben Bernanke to replace Alan Greenspan as Fed Chairman.The tone was set prior to the start of trading as news that General Motors (GM 27.19 -1.98) received a subpoena from the SEC relating to various issues, including its pension accounting, cast a pall on the futures market and overshadowed another large batch of better than expected earnings news. The latter...
Nothing to Sneeze At A stuffy nose that just won't go away is more likely to be allergies than a stubborn cold.
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General Health Tip
Dining Out Tips: Chinese. Chinese food that is served up fast may mean more trouble for your health and waistline. The faster the food is cooked up and ready, the more oil the chef has probably added in the preparation to heat and cook your meal quickly.
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JESSICA'S DIVA DEMANDS
Jessica Simpson, 25, likes to act clueless, but she can swing her celebrity weight like a pro. According to a studio source, weeks before the press tour for The Dukes of Hazzard began, "we were bombarded with a six-page pamphlet of demands for Jessica from the office of her dad, Joe Simpson." Among Jessica's requests: paid accommodations for her hairstylist and assistant in the same hotel as Jessica; a wardrobe budget estimated in the thousands of dollars; cases of Evian water; and paid private... •JEN FREAKS OVER ANGELINA'S NEW BABY •JULIA STILES, GWYNETH PALTROW AND MORE!
2:58 pm PT Vulcan Materials misses by $0.03; issues downside Q4 and FY05 (VMC) 65.35 -2.41:Reports Q3 (Sep) earnings of $1.23 per share, excluding non-recurring items, $0.03 worse than the Reuters Estimates consensus of $1.26; revenues rose 14.7% year/year to $830 mln vs the $833.7 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.64-0.84 vs. $0.86 consensus; co issues downside guidance for FY05, sees EPS of $3.05-3.25 vs. $3.48 consensus.
2:53 pm PT Hittite Microwave beats by $0.02, guides Q4 above consensus (HITT) 20.74 -0.26:Reports Q3 (Sep) earnings of $0.17 per share, $0.02 better than the Reuters Estimates consensus of $0.15; revenues rose 32.5% year/year to $21.2 mln vs the $20.0 mln consensus. Co issues upside guidance for Q4, sees EPS of $0.18-0.19 vs. $0.16 consensus; sees Q4 revs of $21.5-22.5 mln vs. $21.25 mln consensus.
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