Market Update Close: Following yesterday's detour, the equity market managed to return to gaining ground today. Buyers took control of trading action in the early going, rallying again and helping to further erase some of the indices' sharp quarter-to-date losses. Despite a blank economic docket and amid an absence of substantial market movers on the earnings front, the bullish sentiment showed no sign of wavering over the course of the day. Leadership was broad: Eight of the ten economic sectors retained gains from the morning on, and the two laggards got a late boost that sent them onto positive...
A Sweet Source of Selenium If your lunches tend to be meat-free, add a cup of low-fat cottage cheese sprinkled with walnuts and dried fruit for good mineral measure.
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General Health Tip
Berry Good! All types of berries (strawberries, blueberries, cranberries, blackberries) are low in calories and rich in disease- fighting nutrients. For a quick health kick, add berries to yogurt, cereal, sorbet and smoothies.
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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!
Senate's 'Gang of 14' Fractures Over Alito Judge Samuel Alito meets with Sen. Patrick Leahy, D-Vt., on Capitol Hill Wednesday, Nov. 2, 2005, to discuss Alito's nomination to the Supreme Court. (AP Photo/Dennis Cook)
2:32 pm PT Microsemi to acquire Advanced Power Tech (MSCC) :Co and Advanced Power Technology (APTI) announces the signing of a definitive agreement for the co to acquire APTI. Under the terms of the agreement, each APT shareholder will receive $2.00/share in cash and 0.435 shares of the co's common stock for each share of APTI common stock. The combined co should have a profitable operating model that should generate significant cash. The combined entity has potential consolidation opportunities inline with previous restructuring efforts at both companies to improve efficiencies. Together, the companies should in time perform at greater than our 50% gross margin and 27% operating margins goals. The co expects the transaction to be accretive to its third quarter fiscal year 2006 results.
2:16 pm PT Symmetry Medical misses by a penny; guides below consensus (SMA) :Reports Q3 (Sep) earnings of $0.23 per share, excluding non-recurring items, $0.01 worse than the Reuters Estimates consensus of $0.24; revenues rose 24.2% year/year to $67.2 mln vs the $64.9 mln consensus. Co issues downside guidance for FY05, sees EPS of $0.92-0.94, ex items vs. $0.95 consensus; sees FY05 revs of $258-261 vs. $262.59 mln consensus.
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