Market Update Close: Failing to breach the tight trading range within which they had been contained today, the stock market's major averages closed in the red. December's cold front sent crude futures over $60 per barrel for the first time in about a month, while January natural gas contracts hit a new high. With trading lacking many other catalysts, the energy price action had perhaps presented investors with an incentive to consolidate profits reaped during the market's recent run. Extended weakness within the Treasury market served as an additional overhang. Lackluster leadership stunted the...
Count on Cabbage Add chopped cabbage to your salads once a week to help reduce your risk of lung cancer.
more
General Health Tip
How Sweet the "Stinking Rose." Garlic helps fight heart disease -- it contains sulfur compounds, which scientists suspect inhibit the formation of artery-clogging blood clots. It may also reduce both elevated blood cholesterol and blood pressure.
More
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!
US closes Manila embassy after threat Members of the Philippine National Police Special Action Force stand guard at the main gate of the U.S. embassy in Manila December 6, 2005. (Romeo Ranoco/Reuters)
1:19 pm PT CSK Auto reports in-line (CAO) 14.95 -0.14:Reports Q3 (Oct) earnings of $0.24 per share, which includes a returns allowance of $0.02, in line with the Reuters Estimates consensus of $0.24; revenues rose 1.7% year/year to $408.3 mln vs the $408.7 mln consensus.
1:18 pm PT MRV Comms appoints Kevin Rubin as CFO (MRVC) 1.96 +0.01:Rubin succeeds Shay Gonen, who has resigned for personal reasons to pursue other opportunities.
1:17 pm PT Altera affirms previous rev guidance (ALTR) :Co reaffirms previous Q4 sales guidance will be in the range of $286-$297 mln (consensus $291.9 mln). Co projects that Q4 gross margin now will be in the range of 66.5%, up from previous guidance of 66.0%. The company now estimates that Q4 gross margin will include a $1.6 mln benefit from the sale of inventory previously written off in 2001. The co had earlier projected a $2.5 mln benefit. Operating expenses will be approx $114 mln, up from previous guidance of $111 mln, in part the result of higher than anticipated mask, wafer, and prototyping costs in Q4. Diluted share count is now estimated to be 368 mln shares for Q4 compared with a previous est of 371 mln shares, reflecting quarter-to-date share repurchases.