Market Update Close: The bullish cue that traders took yesterday from the Fed's modified policy statement extended into today's session. A dose of upbeat corporate news underpinned that sentiment, and kept the blue chip averages comfortably ahead of the flat line. At the same time, relative weakness in the Technology sector stunted the Nasdaq and left it vacillating in and out of the red. Gains were lent by eight of ten economic sectors; rising despite crude's 1% drop, the Energy sector (+1.1%) led. A mixed inventory report from the EIA, which included an unexpected drawdown in distillate (i.e.,...
Bagels: The "Hole" Truth. One bagel-shop bagel with regular cream cheese has the same amount of calories as three donuts. To save empty calories in the morning, eat only half a bagel and use low-fat cream cheese.
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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!
Polls open as blast hits Baghdad An Iraqi woman casts her ballot during Iraq's historical parliamentary elections in the Iraqi city of Basra 549km (341 miles) south of Baghdad December 15, 2005. (Atef Hassan/Reuters)
1:44 pm PT Market Wrap :The bullish cue that traders took yesterday from the Fed's modified policy statement extended into today's session. A dose of upbeat corporate news underpinned that sentiment and kept the blue chip averages comfortably ahead of the flat line. At the same time, relative weakness in the Technology sector stunted the Nasdaq and left it vacillating in and out of the red. More...
1:40 pm PT Merck gets approval from FDA Advisory Committee (MRK) 29.20 +0.30: -Update- Co announces that an FDA Advisory Committee voted unanimously that the data from the Phase III clinical trials with 70,000 infants support the efficacy and safety of ROTATEQ (rotavirus vaccine, live, oral, pentavalent), the co's investigational vaccine developed to prevent rotavirus gastroenteritis.
1:10 pm PT PowerDsine reduces guidance (PDSN) 9.05 :Co issues downside guidance for Q4 (Dec), sees EPS of loss of $0.03-0.05 vs. $0.07 Reuters Estimates consensus; sees Q4 (Dec) revs of $7-7.5 mln, previous co guidance was $11.2-11.4 mln, vs. $11.30 mln consensus. CEO comments, "We are disappointed with our PoE Midspan products sales during the fourth quarter and the significant decline in customer orders. We are optimistic with respect to the long-term potential of the PoE market and PowerDsine's position as one of the leaders in this emerging industry, as well as growth in demand for our integrated solutions from switch vendors, which is our long-term business focus."
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