Market Update Close: The market's major averages ceded opening gains mid-day, but recovered from session lows and closed around the flat line. The Dow was unable to join its counterparts on gaining ground, however, largely due to Merck's (MRK 28.41 -0.72) plunge following a mistrial in its latest Vioxx case. A round of upbeat corporate news, along with OPEC's decision to keep oil production at a 25-year high, sent the indices higher in early trading, but investors' cautious stance ahead of what is expected to be the Fed's 13th consecutive rate hike and jitters over its accompanying policy statement...
Pretzel Logic. Pretzels are fat- and cholesterol-free, which makes them OK as a snack option, but don't tell yourself it's health food -- pretzels still deliver empty calories that add up fast if you eat too many.
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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!
Court, Governor Won't Halt Execution Protesters battle to get their signs in front of the cameras outside of San Quentin State prison in San Quentin, Calif., Monday, Dec. 12, 2005. The man in the center, who asked to not be identified, was one of few pro-death penalty protesters on scene. Crips gang founder Stanley Tookie Williams lost a last-ditch Supreme Court appeal that sought to stop his execution early Tuesday in California. (AP Photo/Eric Risberg)
9:33 pm PT Swing Trader: Choppy Trade Ahead of Fed :Another choppy trading session on Monday as markets gapped up, sold off into mid-day and then rallied half way back in the afternoon. This week is a triple-witching expiration with a slew of economic data to be released, so I'm expecting a lot of volatility and false moves... (continued)
1:57 pm PT Market Wrap :The market's major averages ceded opening gains mid-day, but recovered from session lows and closed around the flat line. The Dow was unable to join its counterparts on gaining ground, however, largely due Merck's (MRK 28.41 -0.72) 2.5% plunge following a mistrial in its latest Vioxx case. A round of upbeat corporate news, along with OPEC's decision to keep oil production at a 25-year high, sent the indices higher in early trading, but investors' cautious stance ahead of what is expected to be the Fed's 13th consecutive rate hike and jitters over its accompanying policy statement kept buying action in check. More...
1:24 pm PT AXIS Capital announces Andrew Cook, CFO, to leave company (AXS) 30.54 +0.14:Co announced that its Chief Financial Officer, Andrew Cook, will step down, effective April 1, 2006, for personal reasons. The co has commenced an executive search for his replacement.
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